§ 84. Mr. Willey
asked the Minister of Agriculture, Fisheries and Food the total amounts of the advances made by the Agricultural Mortgage Corporation to finance new buildings and fixed equipment in each of the years 1951–58.
§ Mr. Godber
The following statement shows for each year the total loans which my right hon. Friend is informed were72W made by the Agricultural Mortgage Corporation and also the total of those made specifically for the improvement of fixed equipment. In addition, loans were made for paying off existing mortgage or bank loans, of which an unknown proportion would have been raised originally to finance such improvements, and again some part of loans made for working capital would not doubt have been used for the improvement of fixed equipment.
Year Total loans made by the Agricultural Mortgage Corporation Loans Known to be required for improvement of fixed equipment £'000 £'000 1951–52 >4,953 641 1952–53 4,490 442 1953–54 1,944 193 1954–55 2,856 310 1955–56 3,506 391 1956–57 4,116 300 1957–58 4,015 278