§ Resolution reported, "That it is expedient to authorise the remission of a debt due to the Public Works Loan Commissioners, in pursuance of any Act of the present Session to grant money for the purpose of certain Local Loans out of the Local Loans Fund, and for other purposes relating to Local Loans."
§ Motion made, and Question proposed, "That this House doth agree with the Committee in the said Resolution."
§ Mr. CARLILEI wish to ask the right hon. Gentleman how it comes about that money has been advanced amounting to £12,000 to a gentleman who apparently has died without leaving any assets. It seems to me to be a very serious matter that no steps have been taken apparently to obtain security for the loan and that then we are asked to pass this Resolution for the purpose of relieving the Treasury of the responsibility which they appear to have undertaken.
§ Mr. HOBHOUSEThis loan was made a very considerable time ago and a very considerable portion of the money has been recovered. The money was lent for the purpose of certain buildings in the East End of London. Part of the money has been recovered, but the person dying without assets there is no money to meet the claim.
§ Resolution agreed to.