HC Deb 10 March 1911 vol 22 cc1827-8

Motion made and Question proposed, "That a sum, not exceeding £26,128, be granted to His Majesty, to defray the Charge which will come in course of pay- ment during the year ending on the 31st day of March, 1911, for making good the Net Loss on Transactions connected with the raising of Money for the various Treasury Chests Abroad in the year 1909–10."


I should like to ask the Secretary to the Treasury what he means when he says he is raising money for the various Treasury Chests where there is loss of exchange? It seems a very large amount on one year's working.


It is the loss on exchange of nearly half a million.