§ Mr. Staintonasked the Secretary of State for Trade and Industry if he is aware that the present fall in house prices has embarrassed holders of second mortgages; and whether he will make inquiries to indicate the extent of the problem and possible alleviation.
§ Sir G. HoweI have received no evidence of this. I am sure that those offering to lend money on the security of second mortgages are fully aware of all the risks which they may run.