HC Deb 16 December 1908 vol 198 cc1840-1
SIR H. COTTON (Nottingham, E.)

To ask the Under-Secretary of State for India if he can state what amount of the Indian rupee debt standing on 31st March last at Rs.1,32,82,94,955 = £88,552,997 is held by natives of India; and what proportion of this rupee debt held by Indians consists of investments made by the Court of Wards, which is a department of Government, and of deposits which are made by Indian officials as security for their good behaviour.

(Answered by Mr. Buchanan.) I have not the figure of holdings by natives of India on 31st March, 1908. But the division of the rupee debt on 31st December, 1906, was as follows—

Europeans 48,000,000
Natives of India 39,000,000
Total 87,000,000

I am unable to say what portion of the £39,000,000 held by Indians represents the investment of money held by the Court of Wards or of deposits lodged by officials.