HC Deb 18 June 1936 vol 313 c1194W
Mr. GRENFELL

asked the Secretary of State for the Colonies with regard to the permission he has given for raising a loan of £625,000 for Kenya, of which £500,000 is to be earmarked for the Land Bank and £100,000 to provide short-term finance for coffee and maize planters, he will state whether any measures will be taken to help native producers from this loan or from some other source?

Marquess of HARTINGTON

So far; authority has only been given for the raising of a loan of £375,000, though the necessary power is being taken to raise a further £250,000 if required. Of this £375,000, £112,000 is to be re-lent to the Nairobi Municipality to carry out a water supply scheme, and the remainder is for the Land Bank, including the £100,000 which is intended to provide for short-term advances to farmers of any crop. The object of these last named advances is to afford assistance in respect of certain kinds of financial difficulties which do not arise in the case of native producers in Kenya.