HC Deb 07 February 1968 vol 758 cc131-2W
Mr. Gregor Mackenzie

asked the President of the Board of Trade if he will publish in the OFFICIAL REPORT the number of changes in hire-purchase regulations affecting the electrical appliance industry, together with the dates and nature of such changes from 1959 to the latest convenient date.

Mr. Darling:

Hire-purchase regulations were not in force in 1959. They were reintroduced on 29th April, 1960. The information for the period since then is as follows:

Date of change Minimum deposit (per cent. of cash price) Maximum repayment period (months)
29th April, 1960 20 24
20th January, 1961 20 36
5th June, 1962 10 36
4th June, 1965 15 36
28th July, 1965 15 30
8th February, 1966 25 24
21st July, 1966 33⅓ 24
31st August, 1967 25 30

Cookers and water heaters have been subject to a minimum deposit of 10 per cent. and a maximum repayment period of 48 months throughout the period.