§ 6. Mr. GILBERTasked the Under-Secretary of State for India, in the case of how many railway companies in India the Indian Government guarantee the interest on debentures or any other stocks of the companies; can he give the names of the companies; and what amount of capital on each is so guaranteed?
§ Earl WINTERTONAs the answer is rather long, I will, with the hon. Member's permission, circulate it in the OFFICIAL REPORT.
§ Following is the answer:
1877| STATEMENT showing the Capital Liabilities of Indian Railway Companies, domiciled in London outstanding on 31st March, 1923, the Interest on which is guaranteed by the Secretary of State. | ||||||
| Railway Company. | Share Capital. | Debenture Stock. | Debentures. | |||
| Amount. | Rate of Interest. | Nominal Amount. | Rate of Interest. | Nominal Amount. | Rate of Interest. | |
| £ | Per cent. | £ | Per cent. | £ | Per cent. | |
| Assam-Bengal | 1,500,000 | 3 | — | — | 300,000 | 6¼ |
| 430,900 | 6 | |||||
| 730,900 | ||||||
| Bengal-Nagpur | 3,000,000 | 3½ | 2,000,000 | 4 | 1,472,000 | 6 |
| 775,500 | 5½ | |||||
| 623,500 | 5 | |||||
| 2,003,900 | 4½ | |||||
| 4,874,900 | ||||||
| Bombay, Baroda and Central India. | 2,000,000 | 3 | 1,000,000 | 3½ | — | — |
| Burma Railways | 3,000,000 | 2½ | 1,250,000 | 3 | — | — |
| Delhi-Umballa-Kalka | 1,000,000 | 3¼ | 300,000 | 5 | — | — |
| East Indian | 6,550,000 | 4 | 7,000,000 | 3½ | — | — |
| (Deferred Annuity). | 8,000,000 | 3 | ||||
| 3,500,000 | 4½ | |||||
| Great Indian Peninsula | 2,575,000 | 3 | 3,500,000 | 3½ | 475,000 | 6 |
| Madras and Southern Mahratta. | 5,000,000 | 3½ | 2,500,000 | 4 | 100,000 | 5¾ |
| 201,000 | 5 | |||||
| Madras and Southern Mahratta, Mysore Section. | — | — | 1,200,000 | 4 | 500,000 | 4½ |
| 1,276,000 | ||||||
| South Indian | 1,000,000 | 3½ | 2,318,248 | 4 | 395,000 | 6 |
| 500,000 | 4½ | |||||
| 895,000 |
§ In addition, there are 11 small companies, domiciled in India, with capitals aggregating Rs.2,74,88,000, or £1,832,533, which have been given a guarantee of interest at various rates by the Government of India. A number of companies, all domiciled in India, except the Southern Punjab Railway Company, have also been given by the Government of India a guarantee of rebate from the net earnings of the main line, with which they are connected, from traffic interchanged with the branch to make up interest on their paid-up share capitals to an agreed figure.