§ 39. Sir F. SANDERSONasked the Minister of Agriculture if a recommendation has been made by the Board of Trade that the agricultural credits which it is proposed to provide shall be effected through co-operative societies; and, if so, whether, seeing that such a course would grant preferential terms to cue selected class over any other, he will refuse his sanction to such a proposal.?
§ Sir R. SANDERSI am not aware of any recommendation by the Board of Trade in regard to agricultural credits, but the recent Report of the Committee on this subject recommended the formation of agricultural co-operative credit societies, and provisions to give effect to this proposal will be included in the Bill which I hope to introduce shortly.
§ Mr. A. V. ALEXANDERDo I understand from that reply that the policy of the Ministry will be to set up new credit societies and not to use the existing facilities?
§ Sir R. SANDERSI think that the hon. Member had better wait for the Bill, when this matter can be fully discussed.