HC Deb 08 December 1908 vol 198 cc218-20

To ask the Under-Secretary of State for India whether he will state approximately or otherwise what is the total amount of British capital invested in India, divided into the direct funded obligation of the Indian Government in sterling and in rupees, with the total of the two combined set forth in sterling; the entire amount of capital sunk in railways, including the capitalised value of the railway annuities and the moneys spent by companies over and above

I. Debt— £
(a) Sterling loans (funded debt) on 31st March, 1908 157,481,074.
(b) Rupee loans—
Rupees. £
(1) Held in England 15,24,15,600 = 10,161,040
(2) Held in India 1,17,58,79,355 = 78,391,957
Total 1,32,82,94,955 = 88,552,997
Total of (a) and (b) 246,034,071
Of this total £206,109,125 has been incurred for public works, viz.:—£1 76, 608,248 for railways and £29,500,877 for irrigation works.

the sums for which the Government is responsible; the capital spent in irrigation works, and how provided; the capital of joint stock enterprises in India carried on by British companies; and whether the Secretary of State for India will give a complete exhibit of the annual charges laid upon India for interest on the Government debt, for railway profits remitted above and beyond the charges borne by the State, and private remittances of profits and savings.

(Answered by Mr. Buchanan.) The figures asked for are as follows—