§ MR. COURTHOPE (Sussex, Rye)To ask the Secretary to the Treasury whether loans made by the Public Works Commissioners to Volunteer corps for the purpose of erecting drill halls are secured on the capitation grants or on the buildings erected; and whether, if the latter, such loans constitute a mortgage on such buildings.
§ Answered by Mr. Secretary Haldane.) The buildings are included in the security authorised to be given for such loans by The Military Lands Acts, 1892, Sections 5 and 7, and The Military Lands Act, 1897, Section 1. The loan is also upon the security of any grant to the corps out of money provided by Parliament. This includes capitation grants. The loan so secured constitutes a mortgage on the buildings and on the land on which the buildings are erected.