§ MR. BLACK (Banffshire)
I beg to ask the Secretary of State for the Colonies whether the Transvaal Government will be able to meet its obligations I in respect of the £35,000,000 borrowed last year without having resort to the Imperial guarantee.
§ MR. LYTTELTON
Lord Milner has written (p. 8 of Cd. 1899) that he can certainly avoid contribution from Imperial Exchequer during the present financial year, but that if he is compelled to rely for a much long period on about one-third of the available resources of the Transvaal he is unable to say what may happen afterwards.