HC Deb 14 November 1912 vol 43 cc2119-20W
Mr. RUPERT GWYNNE

asked the Under-Secretary of State for India what security was given by Messrs. Samuel Montagu and Company in respect of the sura of £1,050,000 lent to them this year out of the cash balances of India; and to what extent, if any, the security was registered or inscribed?

Mr. BAKER

The securities for the loans making up the £1,050,000 were as follows:—

  • £525,000 Guaranteed Debentures of the Bengal-Nagpur Railway Company.
  • £35,000 Guaranteed Debentures of the Madras Railway Company.
  • £70,000 Guaranteed Debentures of the Madras and Southern Mahratta Railway Company.
  • £75,000 Guaranteed Debentures of the Assam-Bengal Railway Company.
  • £25,000 Guaranteed Debentures of the Indian Midland Railway Company.
  • £20,000 Guaranteed Debentures of the South Indian Railway Company.
  • £190,000 India Sterling Bills.
  • £56,000 London County Bills.
  • £67,000 Guaranteed 2¾ per Cent. Stock.
  • £12,000 2½ per Cent. Consolidated Stock.
Of the securities, £79,000 were registered and were transferred to the Stock Account of the Secretary of State at the Bank of England. The unregistered securities were held by the Bank of England on the Secretary of State's behalf.