§ *MR. MCCRAE (Edinburgh, E.)
I beg to ask the Secretary of State for the Colonies whether it was a condition of the agreement with the guarantors of the £30,000,000 Transvaal Loan that any premium resulting from the issue of the loan should be paid over to the Transvaal Government.
§ THE SECRETARY OF STATE FOR THE COLONIES (Mr. LYTTELTON, Warwick and Leamington)
The undertaking 790 of the guarantors extends only to the first instalment of £10,000,000. With this exception the Answer is yes.
§ *MR. McCRAE
Was it not a condition that any premium on the whole £30,000,000 should go to the Transvaal Government?
§ SIR H. CAMPBELL-BANNERMAN (Stirling Burghs)
Does the right hon. Gentleman consider that Answer quite consistent with his speech the other night?