§ MR. F. W. ISAACSON (Tower Hamlets, Stepney)I beg to ask the Under Secretary of State for Foreign Affairs whether he can state why the Egyptian Domain Five per Cent. Loan has not been converted into a Three and a Half per Cent. Loan on the same lines as the Egyptian Preference Railway Loan, whereby a saving of £75,000 per annum will be effected to the Egyptian Government?
§ SIR J. FERGUSSONWe understand that the Egyptian Government have not received offers for conversion which they consider sufficiently favourable for acceptance.