HC Deb 13 March 1930 vol 236 cc1510-1W
Colonel CLIFTON BROWN

asked the Minister of Agriculture if his attention has been drawn to the manner in which fees for valuation of farms under the Agricultural Credits Act, 1928, are charged; that they have regard only to the value of a farm and not to the amount to be advanced; if he is aware that this is not in accordance with the ordinary custom with regard to private mortgages; and if he can make any alteration in this matter?

Dr. ADDISON

My right hon. Friend is aware of the scale of fees charged by the Agricultural Mortgage Corporation for valuations of properties, and that their fees are based upon the value of the property and not upon the amount of the mortgage loan. With reference to the last part of the question, he is informed that this practice is in accordance with the usual custom. In any event, the Agricultural Mortgage Corporation is not under State control and my right hon. Friend would not be in a position to make any alteration in the matter.