§ Mr. STANIERasked the Parliamentary Secretary to the Board of Agriculture, whether he could give the name or names of the land banks in Germany which advance 90 to 100 per cent. of the money for purchase of farms?
§ Sir E. STRACHEYThe names of the banks were not given in the information which the Board obtained through the Foreign Office on this subject. I will obtain them if the hon. Member wishes.
§ Mr. STANIERWill the hon. Gentleman get that information, and also state whether the banks are Government banks or limited liability companies?
§ Sir E. STRACHEYI will inquire.
§ Mr. STANIERasked the Parliamentary Secretary to the Board of Agriculture whether he could give the rate of interest charged, the terms, and the length of time for repayment, charged by the German land banks to enable tenants to purchase their holdings?
§ Sir E. STRACHEYIt would appear that an annual payment at the rate of 4 per cent. of the amount of the loan is made for a period of 60½ years. Interest is calculated at the rate of 3½ per cent.