§ 67. Mr. SAVERYasked the Minister of Agriculture the extent to which advantage has been taken of the facilities offered by the Agricultural Credits Bill?
§ Mr. N. BUXTONAs the reply contains a number of figures, I propose, with the hon. Member's permission, to circulate it in the OFFICIAL REPORT.
§ Following is the reply:
§ Applications for loans under Part I of the Agricultural Credits Act, 1928, received by the Agricultural Mortgage Corporation up to Saturday, 2nd November, 1929, were as follow:
| £ | |
| Loans on mortgage | 7,165,837 |
| Improvement loans | 104,537 |
| £7,270,374 |
§ Of these the following have been completed:
| £ | |
| Loans on mortgage | 2,711,353 |
| Improvement loans | 422 |
| £2,711,775 |
§ In addition, the following have been granted by the directors of the corporation, subject to the satisfactory completion of the formalities:
| £ | |
| Loans on mortgage | 1,114,445 |
| Improvement loans | 9,417 |
| £1,123,862 |
§ Under Part II of the Act, which provides machinery for short-term advances, 2,035 agricultural charges had been registered at the Land Registry up to the same date.