§ 10. Sir SYDNEY HENNasked the Secretary of State for the Colonies whether any part of the sum of £816,000 allocated to Nyasaland under the East African Protectorates Loans Act of 1914 has yet been raised; if so, how much has actually been expended in Nyasaland and for what purpose; and for what purpose or purposes the unexpended balance is available?
§ Mr. AMERYOut of the total sum of £803,000 which the Government of Nyasaland is empowered to borrow from the Treasury under the East African Protectorates Loans Act of 1914 a sum of £40,000 has so far been advanced, together with a sum of £5,348 to cover interest for three years. Of the advance of £40,000, £8,416 has been spent on railway surveys, £6,108 on roads and £1,440 on interest. The balance of this advance, amounting to approximately £24,000, is available for expenditure on roads and telegraphs.
§ Sir FREDRIC WISEWhat is the interest charged on that amount?
§ Sir F. WISEWhat is the rate of interest charged?