Sir J. DAVIDSON
asked the Chancellor of the Exchequer whether, in view of the fact that the Canadian Government has agreed to take over the Grand Trunk Railway of Canada together with its liabilities, thereby acquiring possession of the Grand Trunk Pacific Railway, the Canadian Government has agreed to pay interest on the Grand Trunk guaranteed and preference stocks which stocks are junior to the debenture stock of the Grand Trunk Pacific, that the latter stock has almost entirely been placed with 32W British investors, and that omission to meet the interest on this stock would have a most undesirable effect; and will the British Government make such representation to the Canadian Government as will protect British investors and ensure just recognition and payment of interest on the four per cent. debenture stock of the Grand Trunk Pacific Railway?
§ Lieut.-Colonel AMERY
I have no official information on this subject which appears to be one for settlement between the parties interested and the Dominion Government.