§ Mr. Joplingasked the Chancellor of the Exchequer how many applications have been made and accepted, including the amount of money involved, for loans from the Rural Industries Loan Fund's Workshop Fund, Equipment Fund, and Working Capital Fund, respectively, in each of the last five years.
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§ Mr. DiamondNo records are kept of the annual value of applications received. The remaining information is given below. The figures refer to the applications received by the Rural Industries Loan Fund Main Committee. The Working Capital Fund was not set up until 1963–64.
Number of applications Number accepted Value of applications accepted 1961–62 £ Workshops 75 61 66,000 Equipment 315 298 63,551 1962–63 Workshops 46 37 47,235 Equipment 283 264 58,309 1963–64 Workshops 62 47 55,318 Equipment 262 249 63,478 Working Capital 10 3 3,500 1964–65 Workshops 79 66 80,694 Equipment 258 253 78,928 Working Capital 12 7 12,480 1965–66 Workshops 116 96 136,540 Equipment 274 266 115,000 Working Capital 40 30 59,258
§ Mr. Joplingasked the Chancellor of the Exchequer what contribution he has made to the Rural Industries Loan Fund in each of the last five years; and what increased contribution has been approved in the current year.
§ Mr. DiamondThe following is the information requested:
£ 1961–62 Nil 1962–63 Nil 1963–64 21,500 1964–65 55,000 1965–66 140,000 The contribution for 1966–67 has been increased from £130,000 to £175,000.
§ Mr. Joplingasked the Chancellor of the Exchequer what interest rates are charged on loans from the Rural Industries Loan Fund; and what other rates have been charged in the last five years.
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§ Mr. DiamondPresent rates are 7¼ per cent. on loans for equipment and workshops and 7½ per cent. on loans for
Equipment and Workshops Working Capital Up to 5 years 5–15 years 15–20 years Up to 5 years Over 5 years per cent. per cent. per cent. per cent. per cent. 1961–62 1. 4.61 to 2. 6.61 … … 6½ 6½ 6½ Not set up until 1963–64 3. 6.61to 4. 8.61 … … 6⅞ 64⅞ 6¾ 5. 8.61 to 13.10.61 … … 7¾ 7¾ 7¼ 14.10.61 to 10.11.61 … … 1½ 7½ 7¼ 11.11.61 to 31. 3.62 … … 7⅛ 7⅛ 7 1962–63 1. 4.62 to 6. 4.62 … … 7⅛ 7⅛ 7 7. 4.62 to 17. 8.62 … … 7 7 7 18. 8.62 to 14. 9.62 … … 6⅞ 6⅞ 6⅞ 15. 9.62 to 5.10.62 … … 6¾ 6¾ 6¾ 6.10.62 to 19.10.62 … … 6½ 6½ 6⅝ 20.10.62 to 7.12.62 … … 6⅛ 6⅛ 6⅜ 8.12.62 to 15. 2.63 … … 6⅛ 6⅛ 6⅛ 16. 2.63 to 31. 3.63 … … 6 6 6 1963–64 … … 6 6 6 6¼ 6¼ 1964–65 1. 4.64 to 2. 4.64 … … 6 6 6 6¼ 6¼ 3. 4.64 to 15. 5.64 … … 6⅜ 6⅜ 6⅜ 6⅝ 6⅝ 16. 5.64 to 7. 8.64 … … 6⅛ 64¼ 6¼ 6⅜ 6½ 8. 8.64 to 5. 2.65 … … 6⅜ 6⅜ 6⅜ 6⅝ 6⅝ 6. 2.65 to 31. 3.65 … … 7¼ 7¼ 7¼ 7½ 7½ 1965–66 … … 7¼ 7¼ 7¼ 7½ 7½