§ SIR HENRY MEYSEY-THOMPSON (Stafford, Handsworth)I beg to ask the Under Secretary of State for India whether the three crores of rupees 1038 which the Indian Government propose to raise by loan are to be applied entirely to capital expenditure, or whether the whole or any part of them is to be used to supplement the taxation of India for the purpose of making payments which are usually provided for out of current revenue?
THE UNDER SECRETARY OF STATE FOR INDIA (Mr. GEORGE RUSSEL,) North Beds.Yes, Sir; the loan is entirely for capital expenditure.