§ 44. Mr. LOOKERasked the Chancellor of the Exchequer whether in the case of loans made for the. purpose of railway construction or extension in British Colonies or Protectorates, Treasury regulations or restrictions exist prohibiting the payment of interest on such loans out of capital during the period of construction?
Mr. GUINNESSNo such general regulations or restrictions exist, and it would be a perfectly normal arrangement to pay interest out of capital during the period of construction.