HC Deb 20 March 1952 vol 497 c220W
Lieut.-Colonel Lipton

asked the Minister of Agriculture to what extent the Treasury subsidy to the Agricultural Mortgage Corporation is being reduced as the result of increasing the interest charges of the Corporation to 5½per cent.

Sir T. Dugdale

In increasing its interest rate for new loans to 5½per cent. the Corporation has had regard primarily to the terms on which it would expect to be able to raise further capital in order to continue its lending operations. It does not follow that there will be any reduction in the Exchequer contribution to the Corporation due to the raising of the lending rate.