§ MR CLAUDE HAY (Shoreditch, Hoxton)I beg to ask Mr. Chancellor of the Exchequer whether, under the terms of the Transvaal Loan Prospectus, the Sinking Fund can be applied to the purchase of the Transvaal Government Three per Cent. Guaranteed Stock when it is above par.
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. RITCHIE,) CroydonNo, Sir. The annual contributions to the Sinking Fund can be applied to the purchase of the stock only when it is below par.