HC Deb 10 March 1952 vol 497 cc109-10W
Wing Commander Bullus

asked the Chancellor of the Exchequer whether he is satisfied that in the application of credit policy due weight is being given to the need for maintaining and expanding farming activities.

Mr. R. A. Butler

I have taken steps to make it clear to the banks that, in applying their advances policy, they should give full weight to the importance of agricultural production, especially where increased tillage area and increase in fat stock are concerned.

Mr. J. Morrison

asked the Chancellor of the Exchequer how far his revised instructions to the Capital Issues Committee intend that credit required for agriculture should be included among essential purposes.

Mr. R. A. Butler

I would refer my hon. Friend to the above reply to my hon. and gallant Friend the Member for Wembley, North (Wing Commander Bullus). The views of the Government on this matter have been brought to the attention of the Capital Issues Committee.