§ Mr. NEWMANasked whether the right of raising loans is a power reserved to the provincial councils under Clause 88 of the South African Act, 1909; whether such power of borrowing has, since the date of the passing of the Act, been exercised by any such provincial council; and, if so, at what percentage of interest has such borrowing been effected?
Mr. HARCOURTUnder Section 85 of the Act the provinces have power to borrow on the sole credit of the province with the consent of the Governor-General in Council, and in accordance with regulations to be framed by the Union Parliament. No arrangements for such borrowing have, I understand, at present been made.