§ 51. Major McLEANasked the Minister of Agriculture whether he can give any particulars as to the number of farmers who have availed themselves of the facilities afforded for short-time credits under Part II of the Agricultural Credits Act, 1928, and as to the nominal amount covered by the charges given?
Mr. GUINNESSThe number of farmers who have created agricultural charges under Part II of the Act amounts to 985 up to 27th February. I have no information as to the nominal amount covered by these charges.
Captain CROOKSHANKHas any right hon. Friend had any complaints as to the very high cost of valuations of properties acting as a deterrent to people who might want to take up charges?
Mr. GUINNESSI think I have had some representations on the matter, but it is very difficult for me to form an opinion. It is a matter between the borrower and the hank and does not really arise on these agricultural charges. The complaints about valuation is more in connection with long-term credits.
§ Mr. SKELTONHas my right hon. Friend any evidence as to the restriction of other credit arising from the operation of short-term credit?