HC Deb 15 May 1956 vol 552 cc160-1W
66. Mr. Vane

asked the President of the Board of Trade whether he will introduce legislation to make it obligatory in hire-purchase transactions for the vendor, when quoting the number and amount of instalments, also to indicate the rate of interest being charged.

Mr. Walker-Smith

No. Existing legislation already provides that agreements to which the Hire-Purchase Act, 1938, applies must show the cash price as well as the hire-purchase price and other particulars, and it is not considered necessary to make this further requirement.