Credits.

Oral Answers to Questions — Agriculture. – in the House of Commons on 19th September 1940.

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Photo of Mr Gilbert Gledhill Mr Gilbert Gledhill , Halifax

asked the Chancellor of the Exchequer the total amount of public money lent to credit-worthy borrowers under the Agricultural Credits Act since 1922; and how much of that total has been written off as lost to the taxpayer?

Photo of Sir Kingsley Wood Sir Kingsley Wood , Woolwich West

Under Section 1 of the Agricultural Credits Act, 1923, the Public Works Loan Commissioners advanced £4,766,119, of which £18,700 has been remitted, and £33,566 written off from the assets of the Local Loans Fund by Parliament.