HC Deb 20 January 1967 vol 739 cc139-41W
Mr. Jopling

asked 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.

Mr. Diamond

No 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. Jopling

asked 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. Diamond

The 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. Jopling

asked 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.

Mr. Diamond

Present 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 Not set up until 1963–64
3. 6.61to 4. 8.61 6⅞ 64⅞
5. 8.61 to 13.10.61
14.10.61 to 10.11.61
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
6.10.62 to 19.10.62 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
1964–65
1. 4.64 to 2. 4.64 6 6 6
3. 4.64 to 15. 5.64 6⅜ 6⅜ 6⅜ 6⅝ 6⅝
16. 5.64 to 7. 8.64 6⅛ 64¼ 6⅜
8. 8.64 to 5. 2.65 6⅜ 6⅜ 6⅜ 6⅝ 6⅝
6. 2.65 to 31. 3.65
1965–66