§ MR. OLIVEIRAsaid, he would beg to ask the Chancellor of the Exchequer whether the Government would sanction (in such cases as may be desired by the holders) a registration of the bonds of the Imperial Ottoman Loan of £5,000,000, 1855, under the joint guarantee of England and France?
THE CHANCELLOR OF THE EXCHEQUERsaid, the question was one which related to a matter over which Her Majes- 221 ty's Government had no direct control. It must be settled between the Turkish Government and the Bank of England. He could only say, however, that if an agreement were made between the Government of the Porte and the Bank of England, Her Majesty's Government would entertain no objection to the arrangement. At the same time he thought it right to inform the hon. Gentleman that he would find, on further investigation of the matter, that there were more difficulties in the way of the measure than perhaps he might be aware of.