§ 20. Sir GEORGE SCOTT ROBERTSONasked the Under-Secretary of State for India whether, in view of the fact that it is admittedly desirable on every ground, including the encouragement of thrift and the prevention of hoarding, to raise as much as possible of the Government of India loans in India itself, and in view of the further fact that in India paper and similar documents are peculiarly liable, especially in poorer homes, to be destroyed by fire, flood, and the depredations of white ants, he has considered the practicability of issuing interest-bearing bonds to bearer in amounts convenient to small investors and inscribed or engraved upon some metallic or similarly durable certificate less destructible than paper.
§ Mr. C. ROBERTSThe hon. Member's suggestion will be brought to the notice of the Government of India, who are considering proposals for popularising Government paper by the offer of bearer bonds.