HC Deb 04 November 1929 vol 231 cc597-8
67. Mr. SAVERY

asked the Minister of Agriculture the extent to which advantage has been taken of the facilities offered by the Agricultural Credits Bill?


As 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

Of these the following have been completed:

Loans on mortgage 2,711,353
Improvement loans 422

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

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.