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Builders (Bank Loans)

Volume 903: debated on Tuesday 13 January 1976

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asked the Secretary of State for the Environment what discussions he has had with the clearing banks regarding their acceptance of a licence to build, within the terms of the Community Land Act, as adequate security for loans for firms in the building industry; and with what results.

A number of meetings have taken place with banking interests among others affected by the community land scheme and the outcome will be reflected in the circular of guidance it is hoped to issue before long on land disposal arrangements.