HC Deb 17 February 1930 vol 235 c946W
Lieut.-Colonel ACLAND-TROYTE

asked the Minister of Agriculture the amount of money advanced for long and short terms, respectively, under the Agricultural Credits Act and the number of loans represented by these sums?

Mr. N. BUXTON

Applications 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, 11th February, 1930, were as follow:

£
Loans on Mortgage (2,399) 8,707,092
Improvement Loans (99) 113,832
£8,820,924

These applications have been dealt with as follow:

Loans Completed.
£
Loans on Mortgage (1,221) 3,750,680
Improvement Loans (14) 6,735
£3,763,415

In addition, the following have been approved by the directors of the Corporation subject to the satisfactory completion of the formalities:

£
Loans on Mortgage (254) 1,302,950
Improvement Loans (22) 12,808
£1,315,753

The number of agricultural charges created under Part II of the Act from 1st October, 1928, up to and including Saturday, 15th February, 1930, was 1,955, standing in the names of 2,329 farmers.