§ 83. Mr. Longdenasked the President of the Board of Trade whether he is aware that some suppliers of,inter alia, television sets are evading the Control of Hiring Orders by requiring only a token deposit and lending the balance of the purchase price which is to be repayable over a period at a high rate of interest; and how he proposes to prevent these methods of getting round the existing law.
116W
§ Mr. Darling:Yes. On 13th December my right hon. Friend the Chancellor of the Exchequer, in reply to my hon. Friend the Member for Heywood and Royton (Mr. Barnett), asked all firms providing finance for instalment purchases of such goods to exercise restraint. I have had discussions with some of the firms concerned and am considering whether any further measures are necessary.—[Vol. 756, c. 178–9.]