§ Motion made, and Question proposed, "That, towards making good the supply granted to His Majesty for the service of the year ending on the thirty-first day of March, nineteen hundred and two, sums not exceeding sixty million pounds may be raised by all or any of the following methods:—
- (a) by means of the creation of two and three-quarter per cent. Consolidated stock within the meaning of the National Debt Conversion Act, 1888; or
- (b) by means of the issue of further War Stock or War Bonds under the War Loan Act, 1900; or
- (c) by means of the issue of Treasury Bills; or
- (d) by means of the issue of Exchequer Bonds;
§ That all expenses incurred in connection with raising the said sums, including any additional remuneration to the Banks of England and Ireland, be charged 744 on the Consolidated Fund."—(Mr. Chancellor of the Exchequer.)
§ MR. JOHN REDMOND (Waterford)I rise for the purpose of moving that you, Sir, report progress. The right hon. Gentleman the Chancellor of the Exchequer will realise that it is unreasonable to ask us at ten minutes past two in the morning to enter upon this question. The question involved in this resolution is one which must be discussed, and he will be ready to admit that adequate and reasonable discussion could not be taken at this hour. I am sure the right hon. Gentleman will see that the motion I make is a reasonable one.
§ Resolutions to be reported to-morrow; Committee also report progress; to sit again to-morrow.
§ Parliamentary Elections (Mariners' Votes) Bill, considered in Committee; Committee report progress; to sit again to-morrow.
§ Adjourned at a quarter after Two of the clock.