Captain CROOKSHANKasked the Minister of Agriculture if he can give the latest figures regarding the use made of long and short term credits under the Agricultural Credits Act, 1928?
Mr. GUINNESSApplications for loans under Part I of the Agricultural Credits Act, 1928, received by the Agricultural Mortgage Corporation up to the close of business on Tuesday, 30th April, 1929, were as follows:
Of these, the following have been granted by the directors of the corporation, subject to the examination of title and satisfactory completion of the formalities:
£ Loans on Mortgage, 1,033 3,779,896 Improvement Loans, 33 36,554 £3,816,450 2200W
£ Loans on Mortgage 1,233,335 Improvement Loans 17,675 £1,251,010 Included in these figures are the reduced amounts to be advanced in those cases where the directors have granted less than was originally applied for.
The applications are very widely distributed over the whole country.
Under Part II of the Act, which provides machinery for short term advances, 1,200 agricultural charges had been registered at the Land Registry up to the same date.