HC Deb 01 April 1935 vol 300 cc129-30

Motion made, and Question proposed, "That the Clause stand part of the Bill."

8.46 p.m.


Will the directorates be composed of such representation as will correspond to the amount of capital held by British nationals? It is only to make sure that His Majesty's Government are watching that point very carefully that I raise it. On other occasions, I have mentioned that while we are doing everything in our power in order to secure the future interests of Indians, British interests in India in this connection have, I am afraid, been very largely overlooked. Can the Under-Secretary give me an assurance on this question, in view of the very large holdings of British nationals in Indian railways?

8.47 p.m.


This particular Clause applies to guaranteed railway companies, in which there is one official director on the board, appointed by the Governor-General in his discretion. The particular point of view which my hon. and gallant Friend has in mind does not apply to the extent that he believes in this particular Clause, which is of a rather limited nature.