§ SIR MANCHERJEE BHOWNAGGREE (Bethnal Green, N. E.)To ask the Secretary of State for India if he will consider favourably a proposal of the Chambers of Commerce in India to the Government of India to guarantee payment of interest on Government rupee paper enfaced for payment of interest in London at the fixed rate of 1s. 4d. per rupee.
(Answered by Secretary Lord George Hamilton.) The proposal to which the hon. Member refers has not been laid before me by the Government of India. Should it be submitted to me, it will receive careful consideration; but I cannot now give any indications of the probable decision.