HC Deb 13 November 1930 vol 244 c1871W

asked the Secretary of State for the Colonies whether he is satisfied that the capital of the proposed Kenya Land Bank, which is limited to £240,000, is adequate; and, having regard to the economic conditions in that colony and the fact that local opinion is in favour of a larger capital, will he state why this opinion has been disregarded?


I have been asked to reply to this question. My Noble Friend the Secretary of State for the Colonies has agreed to a capital of £240,000, which is the amount provided in the Kenya loan schedule for the purpose. If a case is presented by the Kenya Government at a later date for increasing that capital, my Noble Friend will give careful consideration to the representations made, but he has not felt justified in holding out any hope in present circumstances that increased capital will be approved.