§ MR. W. H. SMITHasked Mr. Chancellor of the Exchequer, Why the Treasury Minute, promised early last Session, to regulate the disposal of the moneys received from the Government of India for the pensions of men belonging to the Army and serving on the Indian Establishment, has not been laid upon the Table?
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. CHILDERS)I hope to explain in the Financial Statement the manner in which I propose to make good the difference between the receipts from India on account of non-effective payments and the charge on the Exchequer for the same payments, which will arise hereafter in consequence of the practice formerly pursued of using capital payments made to us by India as ordinary revenue of the year in which they were made; and I shall lay a Treasury Minute on the Table before that time explaining the transactions and describing the method by which I propose to meet the deficiency. I am sorry that the Correspondence was not concluded in time to lay this Minute on the Table before Christmas.