§ MR. LOUGH (Islington, W.)
To ask Mr. Chancellor of the Exchequer how long the Government have agreed to postpone the issue of the first instalment of the new loan to the Transvaal Government which the late Colonial Secretary said on the 27th July last would be placed on the market probably in January, 1904; and whether the agreements as to underwriting will still hold good.
(Answered by Mr. Austen Chamberlain.) It is not possible to say when the conditions of the money market will become favourable enough to ensure the successful issue of the loan. The postponement of the issue does not affect the agreement as to underwriting it.