In my opinion it is time
we withdrew the sanction. As far as the hon. gentleman's interruption is concerned, for the twenty-six years I have been in parliament this thing has been going on to a greater or less extent, varying from time to time, and it is all wrong. It is time parliament took into consideration the erection of a loaning body that would take care of this class of loans. As a matter of fact, in the great majority of cases they ought not to get the loan. That may be misinterpreted, it may be misunderstood; but those who know the business know perfectly well that in the majority of cases, at any rate in nearly half of them, they should not get the loan at all. Some of the most pitiful stories may be told of the way in which corporations of this kind are exploiting not
Industrial Loan and Finance
only the needs but the bad habits and difficulties some people get into by having this resource available to them.