HC Deb 06 June 1907 vol 175 cc847-8
MR. FELL

I beg to ask Mr. Chancellor of the Exchequer if the proposed guarantee by the Home Government of the Transvaal loan for £5,000,000 will entail the creation of a further issue of stock returning to the purchaser a higher † See page 694. rate of interest than that now paid on Consols, thus competing with Consols in the market.

MR. ASQUITH

The manner of raising the proposed loan is still under consideration, and I am not at present in a position to say what precise form the security will take, or what rate of interest it will bear.

MR. FELL

Will not the issue of the loan have the effect of prejudicing the increase of the Sinking Fund arranged for this year?

MR. ASQUITH

That is a matter of opinion.