§ Mr. RUPERT GWYNNEasked the Under-Secretary of State for India if he will lay upon the Table a copy of the contract with Messrs. Samuel Montagu and Company for the purchase of silver, and a copy of the terms on which they were instructed to purchase?
§ Mr. HAROLD BAKERreplied, and referred to the correspondence printed in the Official Report, 14th November, 1912, cols. 2119–2124.
§ Mr. GWYNNEasked the Under-Secretary of State for India what security was given by Messrs. Samuel Montagu and Company in respect of the sum 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. H. BAKERThe 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.
§ Mr. GWYNNEasked the Under-Secretary of State for India if he will give the names of the sellers from whom purchases of silver were made by Messrs. Samuel Montagu and Company on behalf of the Government, with the amount, the price, and the date in each case during the present year?
§ Mr. H. BAKERreplied, and referred to the list of sellers printed in the Official Report, 14th November, 1912, cols. 2117–2119, Vol. XLIII.