HC Deb 17 May 1960 vol 623 cc1090-1
32. Mr. C. Osborne

asked the Chancellor of the Exchequer in view of the fact that hire-purchase debts increased by £31 million in March as compared with £16 million in January and February, and is now 27 per cent. higher than a year ago at £920 million, if he is satisfied that his recent action to check the growth of hire purchase is proving; adequate; and what further action he, contemplates.

Mr. Amory

It is yet too early to judge the effects of the recent measures.

Mr. Osborne

If the next hire-purchase returns do not show a substantial fall, will my right hon. Friend take really severe action to compel the nation to try to live within its income in this matter?

Mr. Amory

Perhaps we had better wait and see what the results are of the steps which have already been taken.