15. Mr. ROY WILSONasked the Secretary of State for the Colonies what was the amount of the recently issued Nigerian loan; and the total amount applied for by the public?
§ Mr. AMERYThe amount of the loan was £4,250,000 at par bearing five per cent. interest. The subscription lists were opened on the 24th January and 1390 closed at 10.5 a.m. on the same day, by which hour the public applications amounted to £17,375,900.
Mr. WILSONDoes the right hon. Gentleman not think that the result of that loan is a signal tribute to the financial stability of the colony?
§ Mr. T. WILLIAMSCan the right hon. Gentleman explain the success of this and other loans, and the failure of all the Australian loans? [HON. MEMBERS: "Yes!" and "Socialism!"]