20. Major PEELasked the President of the Board of Agriculture to what extent the agricultural community has availed itself of the arrangements concluded last year between the county agricultural executive committees, the banks, and the Board of Agriculture whereby purchasers of any requirement for food production may obtain advances repayable under Government guarantee?
§ Sir R. WINFREYThe number of approved applications up to the 30th June, 1918, was, approximately, 750, and the amount comprised in those applications about £60,000. It is not known how much of this has actually been borrowed, but it is probably not less than nine-tenths.
Major PEELCan the hon. Gentleman state what is the full extent of the guarantee, and is there any limit to the amount guaranteed?
§ Sir R. WINFREYDo you mean the maximum amount?
§ Sir R. WINFREYI am afraid I could not say without notice. I will let the hon. and gallant Member know.