HC Deb 08 November 1932 vol 270 cc183-4
37. Sir M. WOOD

asked the Minister of Agriculture whether he can give any information as to the recent financial assistance granted by the State to the Norwegian fishing industry?


As the reply is somewhat long, I propose, with the hon. Member's permission, to circulate it in the OFFICIAL REPORT.

Following is the reply:

FINANCIAL ASSISTANCE granted to the Fishing Industry by the Norwegian Government.

  1. (a) The State during 1932 gave a guarantee to the Bank of Norway for a sum not exceeding one million kroner (about £51,000*) for loans to fishermen or fishermen's associations for curing their own fish, and not exceeding one million kroner for buyers for the purchase of fish during the big cod-fisheries of 1932.
  2. (b) The National Exchequer and public funds have made available Kr.350,000 (about £18,000*) as a contribution towards writing down the debts of necessitous borrowers from the Norwegian State's Fishery Bank.
  3. (c) From the Fisherman Fund of 1920 a sum not exceeding Kr.1.5 millions (about £76,000*) has been made available for loans to poor fishermen for the purchase of tackle.
  4. (d) From the National Exchequer Kr.5 millions (about £255,000*) have been granted as capital for the foundation of a Loan Chest for Farmers and Fishermen.
  5. (e) The State has given a guarantee amounting to 75 per cent. for sale to Russia of not more than 300,000 barrels of herrings and 3,000 tons of salt fish.

* At prevailing rate of exchange.