§ MR. FELLI beg to ask the Prime Minister what urgent necessity there is for the Government at the present time to guarantee and make the issue of £5,000,000 Transvaal loan, to the prejudice of the holders of Government and other stocks in this country; and if, under the circumstances, he will promise that the loan shall at any rate be postponed until next year.
§ SIR H. CAMPBELL-BANNERMANThe time and manner of issuing the loan are still under consideration, and it would be premature at this moment to make any announcement on the subject.
§ MR. FELLasked whether the offer of the Government to guarantee this loan had not had a prejudicial effect upon the price of Consols.
§ SIR H. CAMPBELL-BANNERMANI am not aware of it. It is not a question connected with my department.