§ MR. KEAY (Elgin and Nairn)I beg to ask the Chancellor of the Exchequer where, as under the Land Purchase Bill, a Government Stock is created, the yearly interest and sinking fund of which are provided by Terminable Annuities, whether there are any precedents for lending the capital value of the Sinking Fund on real estate for fixed periods, extending beyond the date of the termination of the Annuities; and, if there are such precedents, will he state them to the House?
§ MR. GOSCHENI do not know whether there are any such precedents; but what the hon. Member suggests really would not happen, because it is not the object of the Bill to employ the Sinking Fund. The Sinking Fund will be employed only in the ordinary way that Sinking Funds are employed.
§ MR. KEAYThe phrase used in the question is "the capital value of the Sinking Fund," not the Sinking Fund itself.
§ MR. GOSCHENIf the hon. Member will wait for a Return which is being prepared it will clear up this matter altogether.