HC Deb 23 July 1861 vol 164 c1379
SIR CHARLES WOOD

said, he had stated some time ago that it would be necessary for the Government before the end of the Session to take powers to raise money for railway purposes in India, in the event of the railway companies not raising sufficient funds to proseeute their undertakings. He gave notice last night that it was the intention of the Government on Thursday next to ask the House to go into Committee for that purpose, and in order that there might be no mistake as to the object of the Government, he gave notice that the Committee would sit to consider the propriety of authorizing the Secretary of State for India to raise money for railway purposes. He found, however, that the words of his notice differed from those under which money for the same object had before been obtained, and that the proposed stock might suffer a consequent depreciation. He therefore moved that the Notice which he had given should be discharged; and he had to inform the House that he would, as the first business on Thursday evening, bring forward a Resolution on the subject. He wished to make this alteration in the notice publicly, because although it was a change in the form the substance was identically the same as that of the previous notice. It was most desirable the stock so raised should be of the same nature as the old stock.

Order discharged.