HC Deb 13 May 1941 vol 371 cc1078-9
50. Mr. Stokes

asked the Chancellor of the Exchequer what is the highest rate within his knowledge charged by banks to agricultural borrowers?

Sir K. Wood

I have no detailed knowledge of the rates charged in individual cases.

Mr. Stokes

Does not the Chancellor of the Exchequer recall that recently he made a statement which purported to give the average rate charged on agricultural borrowings, and will he explain to the House how he arrived at the average rate, if he did not know the highest rate?

Sir K. Wood

My statement was as to the average rate, which was based upon general information which was given to me.

Mr. Stokes

Can the Chancellor of the Exchequer state what was the highest loan rate on which that general rate was arrived at as the average?

Sir K. Wood

No, Sir.