HC Deb 04 April 1889 vol 334 c1665

Bill considered in Committee.

(In the Committee.)

Clause 6.

*MR. BARTLEY (Islington, N.)

I should like to ask the Chancellor of the Exchequer whether it is quite clear from this clause that there is no possibility of increasing the nominal value of the Debt? The previous clause says the Debt is not to be increased. If it is impossible to raise the amount necessary at par, there may be a temporary increase, and I should like to understand whether, under no circumstances, will that be the case?

*THE CHANCELLOR OF THE EXCHEQUER (Mr. GOSCHEN,) St. George's, Hanover Square

No, Sir; the Debt will not be nominally increased under any circumstances.

Clause added to Bill.

Clause 10.

*MR. BARTLEY

I should like to ask supposing the consent of the person is not given, what will be the result of this clause?

*MR. GOSCHEN

In that case the amount will be paid off.

Clause added to Bill.

Bill reported, without Amendment.

Read third time, and passed.