HC Deb 23 July 1931 vol 255 cc1701-3W

asked the Secretary of State for Scotland if he can now fix a date when loans will be available for farmers and smallholders under the Agricultural Credits Act?

class to which the unemployed worker belongs and the number of his dependants. Insured persons, without distinction of age or sex, are grouped under 11 wage classes, Class I including workers in receipt of weekly wages not exceeding 10 Reichsmark, while Class XI comprises those whose weekly wages exceed 60 Reichsmarks. For each wage class a unit wage has been fixed, ranging from eight Reichsmarks in Class I to 63 Reichsmarks in Class XI, and the amount of weekly benefit is assessed as a percentage of the unit wage. Under the Second Order of the Federal President for the Safeguarding of the National Finances and Economic Structure, dated 5th June, 1931, the percentages for principal benefit, for workers without dependants, vary from 70 per cent. in Class I, to 30 per cent. in Classes VIII to XL The weekly rates of principal benefit in Reichsmarks and the equivalents in sterling at the par rate of exchange are as follow:


The Memorandum and Articles of Association of the Agricultural Security Corporation to be set up under the Agricultural Credits (Scotland) Act, 1929, have now been approved by the Department of Agriculture for Scotland. The further stages in the formation of the Corporation are being carried out as rapidly as possible but I am not yet in a position to say when the Corporation will be ready to commence operations.