HC Deb 25 October 1932 vol 269 cc807-8
32. Mr. R. W. SMITH

asked the Secretary of State for Scotland whether it is now possible for Scottish farmers to obtain loans under the Agricultural Credits (Scotland) Act, 1929?

Sir G. COLLINS

Loans under the scheme of long-term credit for which Part One of the Act makes provision are not yet obtainable, but I hope that the arrangements for the incorporation of the Scottish Agricultural Securities Corporation to put the scheme into operation will be completed at an early date.

Mr. SMITH

May I ask the Secretary of State if he is aware that the Government have had the hope for many months that this corporation would be set up at an early date; that in May of last year we were told that the delay was then over; that in June we were told that the matter was settled; and that at the end of July the then Financial Secretary told us——

HON. MEMBERS

Speech!

Mr. SMITH:

May I ask the right hon. Gentleman when it will be possible to——

Mr. SPEAKER

The hon. Member's question is too long for a supplementary.