HC Deb 23 January 1902 vol 101 cc670-1
MR. BARTLEY (Islington, N.)

I beg to ask Mr. Chancellor of the Exchequer, whether he is aware of the trouble and risk to holders of the Turkish Four Per Cent. 1855 Loan by the non-issue of the new coupon sheets; and whether, as the loan is guaranteed by the Imperial Government, he will use his influence to secure the issue of those new coupon sheets without further delay.

SIR M. HICKS BEACH

His Majesty's Government is only concerned in this Loan as a guarantor of the interest: and the issue of new coupon sheets would be a matter to be settled by arrangements made by the Turkish Government, which borrowed the money, with the Bank of England as agents for the loan. I am informed that the Turkish Ambassador has been more than once communicated with on the subject, but no instructions have been received from him by the Bank. Meanwhile, interest is paid on the Bonds, if duly lodged at the Bank of England, and a record of such payment is stamped on the bonds.

MR. BARTLEY

Can the right hon. Gentleman do anything to expedite it, as it is very inconvenient to country people.

SIR M. HICKS BEACH

No, Sir, I cannot do anything.