§ MR. E. R. RUSSELL (Glasgow, Bridgeton)asked the Under Secretary of State for India, When the Bill is to be brought in to enable the Secretary of State to issue India 3½ per cent. stock to the shareholders of the Scinde, Punjaub, and Delhi Railway; and, whether it is not important to shareholders, many of them trustees, that the Bill should become law by the 1st of May in order that dividends may be paid on the 30th June?
THE UNDER SECRETARY OF STATE (Sir UGHTRED KAY-SHUTTLEWORTH) (Lancashire, Clitheroe)The Secretary of State already has the power to issue India 3½ per Cent Stock in redemption of the annuities created in purchase of the Scinde, Punjaub, and Delhi Railway. This power is given under Section 2 of the Act 44 & 45 Vict. c. 53, as modified by Part 2 of Section 25 of the Act 48 & 49 Vict. c. 25.