That, for the purpose of any Act of the present Session to secure in Scotland by means of the formation of a company and the assistance thereof out of public funds the making of loans for agricultural purposes on favourable terms, and to facilitate the borrowing of money in Scotland on the security of agricultural assets, and for purposes connected therewith, it is expedient—
§ Motion made, and Question proposed, "That this House doth agree with the Committee in the said Resolution."
§ Mr. W. GRAHAM
We have no desire to debate this problem to-night, but on the Committee stage of the Financial Resolution the Government promised to tell us whether an agreement had been 1562 reached with the Scottish banks. I should like to ask the Secretary of State for Scotland whether that agreement has been completed, and whether he can properly make a short statement to that effect. Then it might be better to discuss the proposal during the Committee stage of the Bill.
§ The SECRETARY of STATE for SCOTLAND (Sir John Gilmour)
Yes, Sir, I am obliged to the right hon. Gentleman. I am happy to be able to report to the House that, since my right hon. Friend dealt with this subject, the whole of the Scottish banks have undertaken to assist the Government to carry out this scheme. We shall be able to discuss this problem more fully on the Committee stage, and I hope that that will meet with approval.