§ Considered in Committee.
§ (In the Committee.)
§ MR. W. H. SMITH, in moving to Resolve—
That it is expedient to authorise the Commissioners of Her Majesty's Treasury to raise further sums of money, not exceeding in the whole the sum of Five Hundred Thousand 1104 Pounds, for the purposes of the Telegraph Acts, by the creation of Three per cent. Capital Stocks of Annuities chargeable on the Consolidated Fund of the United Kingdom,said, the object was to provide funds to meet the various awards which had been made, under the Telegraphs Act, 1869, to various railway and telegraph companies. There was at present £200,000 to be paid under awards made during the last six months, and it was thought necessary to provide a further £300,000 to meet further sums which would be required this year. He hoped no further amount would be wanted.
§ Motion agreed to.
§ House resumed.
§ Resolution to be reported To-morrow.