HC Deb 03 March 1930 vol 236 c56W
Viscount WOLMER

asked the Minister of Agriculture the total sums advanced to farmers and smallholders to date under the Agricultural Credits Act, 1928?

Mr. N. BUXTON

Up to and including Tuesday, 25th February, 1930, the Agricultural Mortgage Corporation had advanced the following sums under Part I of the Agricultural Credits Act, 1928:

£
Loans on mortgage 3,837,205
Improvement loans 7,335
£3,844,540

In addition, the Directors of the Corporation had approved the following loans, subject to satisfactory completion of the formalities:

£
Loans on mortgage 1,388,155
Improvement loans 21,085
£1,409,240

The number of agricultural charges created under Part II of the Act from 1st October, 1928, up to and including Saturday, 1st March, 1930, was 1,989, standing in the names of 2,367 farmers.