Agricultural Securities Corporation (Loans)

Oral Answers to Questions — Scotland – in the House of Commons at 12:00 am on 9th November 1966.

Alert me about debates like this

Photo of Mr James Stodart Mr James Stodart , Edinburgh West 12:00 am, 9th November 1966

asked the Secretary of State for Scotland why the Scottish Agricultural Securities Corporation is being restricted in its ability to make loans to farmers.

Photo of Mr Eustace Willis Mr Eustace Willis , Edinburgh East

I understand that the Corporation is now in a position to continue to approve applications for loans which it considers acceptable.

Photo of Mr James Stodart Mr James Stodart , Edinburgh West

Is the Minister of State aware that that reply is precisely contrary to what the secretary of the organisation has said? Is not this a clear example of his right hon. Friend's not sheltering Scotland's agriculture in any way from economic difficulties and an absolutely appalling example of his complete indifference to agriculture?

Photo of Mr Eustace Willis Mr Eustace Willis , Edinburgh East

Special arrangements have now been made to continue to approve applications for loans, as I said in my original Answer. As to safeguarding Scotland, I would remind the hon. Gentleman that the Scottish Agricultural Securities Corporation was running short of the ability to be able to borrow when he was a Minister.