HC Deb 01 November 1955 vol 545 cc97-8W
97. Mr. Hurd

asked the Chancellor of the Exchequer what advice he has given to the banks recently in connection with credit restrictions on the farming community; whether he is satisfied that this advice in practice gives full weight to the importance of agricultural production and what representations he has received from the farming community in this connection.

Mr. Butler

None. I asked the banks to decide what steps to take to meet my request to reduce the total of their advances, and I am satisfied that I can rely on them to give all due weight to the importance of agriculture. My information does not show that the banks are unsympathetic to the needs of farmers.