DR. CAMERONasked the Secretary to the Treasury, if he would state the capitalized present value of the subsidy of £8,100 a year for 20 years, proposed to be paid to the International Cables Company in respect of the Submarine Telegraph Contract (Halifax and Burmuda), a Motion for the approval of which stands in his name on the Paper; and, whether he intends to proceed with that Motion to-night?
§ MR. JACKSONThe hon. Member has not stated the rate of interest at which he thinks the capitalized value of the annuity referred to should be calculated and, therefore, I am unable to give him the information asked for, but a reference to Willich's Popular Tables will enable him to satisfy himself on the point. I intend to proceed with the Motion standing in my name to-night.