§ 10. Sir MURDOCH MCKENZIE WOODasked the Secretary of State for Scotland whether he can make a statement as to the present position of the Scottish Agricultural Securities Corporation?
§ Sir G. COLLINSAs the answer involves a tabular statement and many figures, I propose, with the hon. Member's permission, to circulate it in the OFFICIAL REPORT.
§ Sir M. MACKENZIE WOODIs my right hon. Friend satisfied that the work of this corporation is sufficiently well-known to the farming communities?
§ Sir G. COLLINSA considerable number of applications have already been received. The fact that the subject has been raised by question and answer will probably draw attention to the matter.
§ Following is the answer:
| From the commencement of the Corporation's operations in September, 1933, to 9th February, 1935. | Loans on Heritable Security. | Loans under the Improvement of Land Acts. | ||||||
| Number. | Amount. | Number. | Amount. | |||||
| £ | £ | |||||||
| Applications received | … | … | … | … | 191 | 674,165* | 6 | 2,868 |
| Loans completed | … | … | … | … | 101 | 306,245 | — | — |
| Loans awaiting completion | … | … | … | … | 22 | 72,200 | 2 | 2,068 |
| Loans under consideration | … | … | … | … | 22 | 138,505 | 1 | 200 |
| Loans refused by applicants | … | … | … | 46 | 114,320 | 3 | 600 | |
| Loans rejected by the Corporation | … | … | ||||||
| Loans withdrawn | … | … | … | |||||
| 191 | 631,270 | 6 | 2,868 | |||||
| * Subsequently reduced to £631,270. |