§ MR. LIONEL COHEN (Paddington, N.)
asked the Under Secretary of State for India, Whether the Government contemplate introducing during the present Session a Bill similar to that introduced last year by the late Government, to enable the Secretary of State for India, in Council, to borrow money in London for the purposes of Indian railways; and, if so, when the Bill is likely to be introduced, and if he could state what amount is proposed to be authorised by the Bill, and what proportion of such amount is likely to be raised during the current year?
§ THE UNDER SECRETARY OF STATE (Sir JOHN GORST) (Chatham)
A Bill relating to the borrowing of money for Indian Railways was prepared by the late Government, and its object explained by Mr. Stafford Howard, on the 11th of June, 1886. The question of proceeding with this measure is still under the consideration of the Secretary of State.