HC Deb 15 June 1891 vol 354 c443

Considered in Committee.

(In the Committee.)

Clause 1 agreed to.

Clause 2.

(6.59.) MR. A. O'CONNOR

Will the Secretary to the Treasury inform the Committee what is the exact amount to be paid during the present year to Messrs. Hope, of Amsterdam?

THE SECRETARY TO THE TREASURY (Mr. JACKSON,) Leeds, N.

The amount payable under the Bill by June 30, 1892, is £44,480.

MR. A. O'CONNOR

Do I understand that whereas there would have been in the ordinary course paid out of the Consolidated Fund £41,000, there will, under this Bill, be paid a sum of about ten times that amount?

MR. JACKSON

I do not think that is a correct conclusion. The Consolidated Fund will be charged only with re-payment of the advance.

MR. CREMER (Shoreditch, Haggerston)

Has the interest been calculated at the rate of 5 per cent.?

MR. JACKSON

The interest for which we are liable is 5 per cent., and that rate has been paid since the date when the original loan was contracted.

Bill reported without amendment; to be read the third time to-morrow.