§ 34. Mr. DAYasked the Minister of Agriculture the amount of loans applied for to the Agricultural Mortgage Corporation under the Agricultural Credits Act, 1928, to date; and the amount of money advanced in respect of these various applications?
§ Mr. PARKINSONAs the reply is long and contains a number of figures I propose, with the permission of my hon. Friend, 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 the close of business on Tuesday, 22nd July, 1930, were as follow:
| £ | ||
| Loans on Mortgage (3,011) | … | 10,543,473 |
| Improvement Loans (121) | … | 135,537 |
| £10,679,010 |
§ These applications have been dealt with as follow:
| Loans completed. | ||
| £ | ||
| Loans on Mortgage (1,721) | … | 5,163,165 |
| Improvement Loans (29) | … | 11,820 |
| £5,174,985 |
§ In addition, the following have been approved by the directors of the Corporation subject to the satisfactory completion of the formalities:
| £ | ||
| Loans on Mortgage (219) | … | 1,002,745 |
| Improvement Loans (19) | … | 10,772 |
| £1,013,517 |
§ The following have been rejected or withdrawn:
| £ | ||
| Loans on Mortgage (776) | … | 2,392,495 |
| Improvement Loans (66) | … | 95,631 |
| £2,488,126 |
§ Applications in connection with which the formalities (valuation, etc.) are not yet completed and which have yet to be considered by the directors of the Corporation are as follow:
| £ | ||
| Loans on Mortgage(295) | … | 1,045,557 |
| Improvement Loans (7) | … | 5,647 |
| £1,051,204 |