HC Deb 22 March 1905 vol 143 cc789-90
*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 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?

MR. LYTTELTON

I must ask for notice of that.

SIR H. CAMPBELL-BANNERMAN (Stirling Burghs)

Does the right hon. Gentleman consider that Answer quite consistent with his speech the other night?

MR. LYTTELTON

It is a correction, but not a very important one.