Lords Sitting of 8 June 1894

INDIAN RAILWAY COMPANIES BILL. (No. 86.)

  SECOND READING
  Order of the Day for the Second Reading, read.
  *THE UNDER SECRETARY OF STATE FOR INDIA (Lord REAY)said, in moving the Second Reading of this Bill, that its object was to enable the Secretary of State to exercise the same powers as were exercised by Committees of their Lordships' House in allowing interest to be paid out of capital during the construction of railways. The principle was first adopted by the House of Commons in 1883, on the recommendation of a Select Committee in 1882. On the 27th of May, 1886, their Lordships decided that a similar alteration should be made in Standing Order No. 28, and on the lines of that Standing Order the Bill had been drawn. He would have to move in Committee the addition of two clauses, one dealing with the retrospective sanction of interest which Companies were allowed to pay out of their capital during construction, and another limiting the operation of this Bill to 10 years. He trusted their Lordships would give the Bill a Second Reading, on the ground that it was very desirable to remove any hindrance which might exist to the employment of capital for extension of railways in India; and as in England no inconvenience had arisen from the application of the Standing Order passed by both Houses, it was not expected that difficulties would arise from the operation of the Bill if it should please their Lordships to give it a Second Reading.
  Moved, "That the Bill be now read 2a".—(The Lord Reay.)
  Motion agreed to; Bill read 2a accordingly, and committed to a Committee of the Whole House on Monday next.

  MARKING OF FOREIGN AND COLONIAL PRODUCE.
  Message from the Commons giving leave to Lieutenant-Colonel Howard Vincent, C.B. (a Member), to attend the Select Committee (pursuant to message of yesterday).
  CANAL RATES, TOLLS, AND CHARGES PROVISIONAL ORDER BILLS.
  The Evidence taken before the Joint Committee from time to time to be printed, but no copies to be delivered except to Members of the Committee and to such other persons as the Committee shall think fit, until further order. (No. 97.)
  TOWN IMPROVEMENTS (BETTERMENT).
  The Evidence taken before the Select Committee from time to time to be printed, but no copies to be delivered except to Members of the Committee and to such other persons as the Committee shall think fit, until further order. (No. 98.)
  LOCAL GOVERNMENT (IRELAND) PROVISIONAL ORDER (No. 4) BILL.
  Read 3a (according to Order), and passed.
  LOCAL GOVERNMENT PROVISIONAL ORDERS (No. 4) BILL.—(No. 45.)
  Read 3a (according to Order), and passed.
  LOCAL GOVERNMENT PROVISIONAL ORDERS (No. 6) BILL.—(No. 70.)
  Read 3a (according to Order), and passed.
  ELECTRIC LIGHTING PROVISIONAL ORDERS (No. 1) BILL.—(No. 75.)
  House in Committee (according to Order); Bill reported without Amendment; Standing Committee negatived; and Bill to be read 3a on Monday next.
  LOCAL GOVERNMENT (IRELAND) PROVISIONAL ORDER (No. 8) BILL. (No. 73.)
  House in Committee (according to Order); Bill reported without Amendment; Standing Committee negatived; and Bill to be read 3a on Monday next.
  TROUT FISHING (SCOTLAND) BILL [H.L.]—(No. 85.)
  Read 3a (according to Order), and passed, and sent to the Commons.

  ELECTRIC LIGHTING PROVISIONAL ORDERS (NO. 2) BILL.
  Read 1a; to be printed; and referred to the Examiners. (No. 99.)
  House adjourned at twenty-five minutes before Five o'clock, to Monday next, a quarter before Eleven o'clock.