§ 24. Mr. Hordernasked the Chancellor of the Exchequer whether he is satisfied that the present method of influencing hire-purchase transactions through controlling deposits and time for repayment is appropriate; and if he will make a statement.
§ Mr. BarberThe use of hire-purchase terms control as an economic regulator has been causing increasing concern over the years, but it does continue to make an important contribution to demand management, and must remain until general methods of control can be developed more effectively.
§ Mr. HordernIf my right hon. Friend accepts the Crowther Committee's recommendations, can he say when he thinks he will be able to carry them out?
§ Mr. BarberI cannot say that, but terms control will need to be reviewed in the light of the operation of the new techniques of credit control.