§ 7. Mr. Hamiltonasked the President of the Board of Trade if he is aware that certain personal credit firms in Scotland are exploiting the public by charging extortionate rates of interest; that such firms are supplying goods on the hire-purchase system without asking for any initial deposit; and what steps he intends to take to stamp out such undesirable trading practices.
§ Sir D. EcclesThe trading activities of certain firms in Scotland are now under investigation by the Board of Trade in relation to the hire-purchase orders. These orders are not concerned with hire-purchase interest charges.