§ 41. Sir Reginald Blair
asked the Chancellor of the Exchequer whether the Treasury took into account, when requisitioning recently for repayment the dated Indian loans, the principle he has laid down that there should be no unexpected infraction of an agreement between lenders and borrowers calculated to under mine the contractual basis upon which a borrower has invited the public to sub scribe a loan?
§ Sir K. Wood
The securities referred to were acquired by the Treasury at the market price, and there was no infraction of an agreement between lenders and borrowers.