§ MR. A. O'CONNOR (Donegal, E.)
I beg to ask the Chancellor of the Exchequer why no annuity has yet been granted in respect of the £300,000 advanced by the National Debt Commissioners from the Post Office Savings Banks Funds, under" The Imperial Defence Act, 1888?"
§ MR. GOSCHEN
The sum of £300,000, borrowed from the Post Office Savings Bank Fund under the Imperial Defence Act, 1888, has, since the date of the account from which the hon. Member probably quotes, been turned into an annuity, which is payable on April 1 during its currency.