HC Deb 13 May 1897 vol 49 c370

I beg to ask the Chancellor of the Exchequer whether the proposed reductions in the guarantees for telegraphic extension will be made retrospective to relieve guarantors in places where telegraph offices have not paid working expenses?


The concession to be made will apply to existing guarantees. The form which the concession takes is that the Exchequer will share the loss, if any, equally with the guarantors. It will come into operation on Jubilee Day, and will from that date apply to both future and existing guarantees.