§ MR. McCRAEI beg to ask Mr. Chancellor of the Exchequer if he can 619 state whether the Exchequer Balances as at 1st April, 1902, included a sum of £4,029,000, the unexpended balance of the £60,000,000 Consol Loan of 1901 issued to meet war expenditure, and whether it is now proposed to apply a sum of £4,000,000 out of the present balances in reduction of war indebtedness.
§ MR. AUSTEN CHAMBERLAINThe hon. Member has only taken one year. If he had taken the whole war period, the amount borrowed in excess would have been less than he states. I do not propose to anticipate any information which seems properly to belong to my Budget statement.
§ MR. McCRAEIs it not the case that in 1902 there was £4,000,000 of borrowed money in the Exchequer which is still there?
§ MR. AUSTEN CHAMBERLAINI have answered the Question, and that answer gives a more accurate view of the facts than is put forward in the Question. You must await the Budget speech for further information.