HC Deb 23 July 1907 vol 178 cc1347-8
*CAPTAIN FABER

I beg to ask the Under-Secretary of State for the Colonies whether His Majesty's Government has now approved the Draft Bill being passed by the Transvaal Parliament to authorise the guaranteed loan of £5,000,000; and if he will lay upon the Table a copy of i the sanctioned Bill.

MR. CHURCHILL

His Majesty's Government have been in communication with the Transvaal Government and have intimated generally their approval of the terms of a Draft Bill. They are now awaiting further informa- tion from the Transvaal. A copy of the Bill as passed by the Transvaal Parliament will be included among the Papers which will be published before the Resolution preliminary to the introduction of a Loan Bill is brought before the House.

CAPTAIN FABER

asked if all the £5,000,000 would be issued this year.

MR. CHURCHILL

The Chancellor of the Exchequer has already stated that only £1,000,000 will be needed before the end of June next year.

SIR GILBERT PARKER (Gravesend)

asked if the question would come before the House in the form of a Bill.

MR. CHURCHILL

A Loan Bill will have to be introduced.

MR. PIKE PEASE (Darlington)

Will it be before the end of this session?

MR. CHURCHILL

Most certainly.

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