§ 50. Mr. Hector Hughes
asked the Minister of Agriculture, Fisheries and Food if he is aware that the rate of interest on loans under the White Fish Industry Schemes now in operation are too high, inflict undue burdens on the industry and defeat their expressed purpose; and if he will take steps to enable those who have borrowed at those high rates to repay and re-borrow the loans at lower rates of interest.
§ Mr. John Hare
The rates of interest charged compare favourably with those at which the industry could borrow from other sources. I do not accept that they are having the effect suggested.