§ MR. MONKI beg to ask the Secretary of State for India whether a loan is about to be issued in London on the security of the Nizam's revenues; and whether the Secretary of State's approval has been obtained; and, if it has not, whether the issue will be in contravention of an existing statute?
§ LORD GEORGE HAMILTONI have received no information from India as to the raising of such a loan, nor has my consent or that of the Government of India been asked, as required under the terms of the Statute 37 Geo. III. c. 142, s. 28. I am advised that any British subject directly or indirectly concerned in raising any money by way of loan for a native State in India, without the consent of the Secretary of State in Council or of the Governor-General or one of the Governors in Council previously had and obtained in writing, commits a misdemeanour, and the bonds and securities held or taken become null and void.