HC Deb 11 August 1898 vol 64 cc909-10
MR. PIERPOINT (Warrington)

I beg to ask the Chancellor of the Exchequer (1) what is the yearly surplus of the Cyprus tribute over the amount paid out of it or on account of it to the bondholders of the Turkish Guaranteed 1855 Loan; (2) how the accumulated money is invested; (3)whether the interest thereon is added thereto every half-year; and (I) what the sum total of principal and interest now amounts to; may I also at the same time ask the right honourable Gentleman whether he will grant the Return relating to the revenue of Cyprus in the terms of the Motion on the Paper to-day?

THE FINANCIAL SECRETARY TO THE TREASURY (Mr. R. W. HANBURY, Preston)

(1) The yearly surplus, which varies from year to year, will be given more conveniently in the Return for which the honourable Member is moving. It is between £10,000 and £11,000 a year. (2) It is invested in Consols. (3) Quarterly dividends are invested quarterly. (4) About £167,000.