HC Deb 17 November 1926 vol 199 cc1848-9
47. Sir FREDRIC WISE

asked the Minister of Agriculture the total estimated loss on the Patrington Farm Settlement?

The MINISTER of AGRICULTURE (Mr. Guinness)

The accumulated loss shown in the accounts of the Patrington Farm Settlement to 31st March, 1926, is £71,006 on the farm profit and loss account, and £29,451 on the estate account. The combined accumulated loss on both accounts is £100,457. This loss is arrived at after taking into account hypothetical interest charges on Exche- quer advances to farm and estate accounts, headquarters administrative expenses, and provision for depreciation of buildings and farm implements. A large part of the loss mentioned is due to interest charges over a period of eight years.

Mr. FENBY

Has the Minister any information as to how much the ex-service men settled on the Patrington Farm Settlement have lost?

Mr. GUINNESS

We have not got any specific information about that. These ex-service men hoped to share in the profits on a co-partnership basis, but unfortunately there were no profits to share. We have undertaken that we will give them every possible consideration in paying expenses for removal in any cases where they can get occupation elsewhere.

Lieut.-Colonel HENEAGE

Does this not show the danger of embarking on any schemes of land nationalisation?