§ MR. BUCHANAN (Aberdeenshire, E.)I beg to ask Mr. Chancellor of the Exchequer what are the protected States 510 which will be able to borrow money under section 7 of the Colonial Loans Fund Bill?
§ THE CHANCELLOR OF THE EXCHEQUER (Sir M. HICKS BEACH, Bristol, W.)The Colonial Loans Fund Bill does not authorise any Colony, Protectorate, or protected State to borrow money—it only enables a Fund to be raised out of which loans may be made in such cases as are authorised by Parliament. The rules to be made under the Act will define the Colonies, Protectorates, or protected States which may receive a loan from the Fund, in the event of Parliament authorising a loan in their case. The only Protected States which it is at present contemplated to include in such rules are the Native States of the Malay Peninsula.