§ MR. SMOLLETTsaid, he would beg to ask the Secretary of State for India, 1086 with reference to a Letter from the India Office addressed to the Manchester Cotton Association, and dated the 16th day of April, 1860, stating that the proposals of the Madras Irrigation and Canal Company for constructing works of irrigation, drainage, and navigation in the Province of Orissa are under the serious consideration of Her Majesty's Government, Whether such serious consideration applies to that portion of the scheme which involves the guarantee of a minimum dividend to I the Shareholders of this Company upon the whole or any portion of their Stock?
§ SIR CHARLES WOODsaid, "the serious consideration of Her Majesty's Government" did not apply to that portion of the scheme which involved a guarantee of a minimum dividend. The Government were not prepared to give that guarantee.