§ SIR GEORGE CAMPBELL (Kirkcaldy, &c.)I beg to ask the Under Secretary of State for India if it is true that the Government, having just bought up the Guaranteed South Indian Railway at a heavy premium, is about to give another guarantee to the same or a re-organised company, for the purpose of working the line; if the terms of the fresh guarantee are three per cent., and half of any net profit, after paying the guarantee; and if the result will be that the Government, being able to borrow at three per cent., and having paid for the line at the rate of 131 per cent., now gives to the company three per cent., plus the salaries of the directors, the patronage of the administration, and the chance of additional payment in case of profit?
*SIR J. GORSTNegotiations are now going on between the Secretary of State and the South Indian Railway Company, with the view ot the latter conducting the management and working of the line just purchased by the Secretary of State. The terms of the agreement are not yet settled.