§ 14. Sir FREDRIC WISEasked the Secretary of State for the Colonies the total amount advanced to the Uganda Railway Company and its subsidiary company; and the amount of interest and sinking fund paid during 1926 and 1927 to the lenders of the money?
§ Mr. ORMSBY-GOREThere is no company, the system being a State administration now known as the Kenya-Uganda Railways. It is now responsible for any loss on working of the port of Kilindini (Mombasa), and, including the port debt, the total of loans now bearing interest is £4,627,035, the annual charges for interest and sinking fund being £330,812. Advances not now bearing interest amount to £9,002,592. These are the advances (£5,502,592) under the Uganda Railway Acts, 1896 and 1902, for the cost of construction of the original Uganda Railway, the question of the repayment of which will come up for consideration in 1933, and the loan of £3,500,000 voted by Parliament in 1924 for cotton development. This loan is free of interest for five years. In addition, advances have been made by the Crown Agents for the Colonies in anticipation of future loans. The interest on these amounted in 1926 to £104,550 and is estimated at £150,000 in 1927.