§ MR. M'GHEE (Louth, S.)I beg to ask the Secretary to the Treasury what are the exceptional expenses connected with the service of glebe loans; whether he can give the figures of special expenses in connection with these loans; amt what is the gross annual profit arising from glebe loans at present.
§ MR. HANBURYIt is not possible to give within the limits of an answer to a question full particulars of the expenses connected with a loan from the Local Loans Fund; hut they include the surveying, legal, and clerical work prior to the issue of a loan, and the clerical and other expenses of obtaining repayment of instalments and keeping accounts of the loan. None of these items depend On the amount of the loan, and their cost is therefore proportionately least on loans for small amounts, such as glebe loans are when compared with the bulk of public loans. It is impossible to state the precise expenses connected with a particular small group of loans; but there is no reason to conclude that glebe loans are a source of profit to the loans fund.