HC Deb 14 January 1913 vol 46 cc1896-900W
Colonel YATE

asked the Financial Secretary to the War Office, as representing the Secretary of State for India, if he will state how far the Treasury balances in the hands of the Secretary of State for India have been reduced since 1st October last; and whether he can give a list of the short-term loans called in and of the firms holding them between 1st October and 31st December, 1912, and a list of the short-term loans and deposits, and the names of their holders, held by approved borrowers on 1st January, 1913?

Mr. BAKER

The following is the list of loans repaid from 1st October to 31st December, 1912:—

Date. Amount. Name of Firm.
£
Oct. 1 50.000 Baker, Buncombe and Co.
Oct. 1 50,000 J. and A. Scrimgeour
Oct. 3 50,000 Union Discount Company of London
Oct. 4 50.000. National Bank of New Zealand
Oct. 4 50,000 Chartered Bank of India.etc.
Oct. 4 50,000 Union Discount Company of London

Date. Amount. Name of Firm.
£
Oct. 4. 100,000 National Bank of India
Oct. 4. 60,000 Baker, Duncombe and Co.
Oct. 5. 50,000 Steer, Lawford and Co.
Oct. 5. 50,000 Waley and Wilbraham
Oct. 5 50,000 Booth and Partridge
Oct. 5 50,000 Gillett Bros, and Co.
Oct. 7. 50,000 King and Foa
Oct. 7 50,000 Chartered Bank of India
Oct. 7 50,000 Ryder, Mills and Co.
Oct. 7. 100,000 Reeves, Whitburn and Co.
Oct. 7 50,000 Roger Cunliffe, Sons and Co.
Oct. 7 50,000 Reeves, Whitburn and Co.
Oct. 8. 50,000 Samuel Montagu and Co.
Oct. 8 100,000 Reeves, Whitburn and Co.
Oct. 8. 50,000 Wedd, Jefferson and Co.
Oct. 9 100,000 Chartered Bank of India
Oct. 9 50,000 Laurie, Millbank and Co.
Oct. 10 50,000 Sheppards and Co.
Oct. 11 50,000 National Bank of India
Oct. 11 50,000 National Discount Company
Oct. 11. 50,000 Eastern Bank
Oct. 11 50,000 Sheppards and Co.
Oct. 11 50,000 Lyon and Tucker
Oct. 11. 50,000 Blydenstein and Co.
Oct. 11. 50,000 Union Discount Company of London
Oct. 11 50,000 Roger Cunliffe, Sons and Co.
Oct. 11. 100,000 National Bank of India
Oct. 11 50,000 Biedermann and Co.
Oct. 11 50,000 Union Discount Company of London
Oct. 11. 50,000 National Bank of New Zealand
Oct. 12 150,000 Chartered Bank of India
Oct. 12 100,000 Union Discount Company of London
Oct. 12. 100,000 Brightwin and Co.
Oct. 12 50,000. Sheppards and Co.
Oct. 12 50,000 Alexanders and Co.
Oct. 12 50,000 Samuel Montagu and Co.
Oct. 12 50,000 Holder and Co.
Oct. 12, 50,000 Reeves, Whitburn and Co.
Oct. 12 50,000 Union Discount Company of London
Oct. 12 50,000 Hohler and Co.
Oct. 12 50,000 Alexanders and Co.
Oct. 12. 100,000 Mercantile Bank of India
Oct. 12. 100,000 Chartered Bank of India
Oct. 12 50,000 National Discount Company
Oct. 12 50,000 Smith, St. Aubyn and Co.
Oct. 12 50,000 Hohler and Co.
Oct. 12 50,000 National Discount Company
Oct. 12 50,000 Brightwin and Co.
Oct. 12 50,000 Reeves, Whitburn and Co.
Oct. 12 50,000 Samuel Montagu and Co.
Oct. 12 50,000 Chartered Bank of India
Oct. 12 100,000 Samuel Montagu and Co,
Oct. 12. 50,000 Alexanders and Co.
Oct. 12 100,000 Holder and Co.
Oct. 12 100,000 Union Discount Company
Oct. 14 50,000 J. Elles and Son
Oct. 14 50,000 Angle-Foreign Banking Company
Oct. 14 50,000 Francis and Praed
Oct. 14 50,000 Samuel Montagu and Co.
Oct. 14 60,000 J. and A. Scrimgeour
Oct. 14 50,000 Ryder, Mills and Co.
Oct. 14 50,000 Samuel Montagu and Co.

Date. Amount. Name of Firm.
£
Oct.14. 50,000 Alexanders and Co.
Oct. 16 50,000 Reeves, Whitburn and Co.
Oct. 16. 100,000 National Discount Company
Oct.2l. 100,000 Samuel Montagu and Co.
Oct. 22. 50,000 Alexanders and Co.
Oct.22. 50,000 Brightwin and Co.
Oct. 22. 50,000 Union Discount Company
Oct. 23. 50,000 National Discount Company
Oct.24. 200,000 Hong Kong and Shanghai Banking Corporation
Oct. 25. 100,000 Wedd, Jefferson and Co.
Oct. 25. 50,000 Hopkins and Giles
Oct.28. 50,000 Matthey, Harrison and Co.
Oct. 29. 50,000 Alexanders and Co.
Oct. 29. 50,000 Hazard Bros, and Co.
Oct.29. 100,000 Hopkins and Giles
Oct. 29. 50,000 Lazard Bros, and Co.
Oct. 30. 100.000 Wedd, Jefferson and Co.
Oct. 31 50,000 Wedd, Jefferson and Co.
Oct.31. 50,000 King and Foa
Nov. 4. 50,000 Reeves. Whitburn and Co.
Nov. 4. 50,000 Haarbleieker and Schumann
Nov. 4. 100,000 National Bank of India
Nov. 4. 50,000 National Bank of India
Nov. 5 50,000 Smith, St. Aubyn and Co.
Nov. 5. 50,000 Union Discount Company
Nov. 5 100,000. Samuel Montagu and Co.
Nov. 9 50,000 Sheppards and Co.
Nov. 11. 50,000 Samuel Montagu and Co.
Nov.12. 100,000 Union Discount Company
Nov. 13. 100,000 Samuel Montagu and Co.
Nov. 15 100,000 National Discount Company
Nov. 15 5,000 Hohler and Co.
Nov. 15. 100,000 Samuel Montagu and Co.
Nov. 16. 100,000 National Bank of India
Nov. 15. 50,000 Union Discount Company
Nov. 19. 50,000 Laurie, Milbank and Co.
Nov. 19. 50,000 Reeves, Whitburn and Co.
Nov. 20. 100,000 Samuel Montagu and Co.
Nov. 22. 50,000 J. Elles and Son
Nov. 25. 50,000 Smith, St. Aubyn and Co.
Nov. 26. 50,000 Samuel Montagu and Co.
Nov. 26. 100,000 Samuel Montagu and Co.
Nov. 27. 50,000 Union Discount Company of London
Nov.28 100,000 Wedd. Jefferson and Co.
Nov. 28. 100,000 Hazard Bros, and Co.
Nov. 29. 50,000 Baker, Duncombe and Co.
Nov. 29. 50,000 Brightwin and Co.
Nov. 29 100,000 Smith, St. Aubyn and Co.
Nov. 29. 50,000 Brightwin and Co.
Nov. 29. 50,000 Wedd, Jeffersen and Co.
Nov.30. 100,000 Union Discount Company
Nov. 30 50,000 Samuel Montagu and Co.
Dec. 3. 50,000 Bristowe and Head
Dec. 4. 50,000 Smith, St. Aubyn and Co.
Dec. 6. 50,000 Matthey, Harrison and Co.
Dec. 6. 50,000 Union Discount Company of London
Dec. 6. 100,000 Alexanders and Co.
Dec. 16 100,000 National Discount Company
Dec. 16 50,000 Roger Cunliffe, Sons and Co.
Dec. 16 100,000 Reeves, Whitburn and Co.
Dec. 18 50,000 Holder and Co.
Dec. 18 50,000 Henry Sherwood and Co. (Gold Standard Reserve)
Dec. 24 100,000 Sheppards and Co.
Dec. 27 50,000 Steer, Lawford and Co.

Date. Amount. Name of Firm.
£
Dec. 30. 100,000 King and Foa
Dec. 31. 50,000 Alexanders and Co.
Dec. 31. 100,000 Union Discount Company
Dec. 31. 50,000 National Discount Compaay
Dec. 31 100,000 National Discount Company
Dec. 31 50,000 B. W. Blydenstoin and Co.
Dec.31. 50,000 L. Messel and Co.
Dec. 31. 50,000 Sheppards and Co.
Dec. 31. 50,000 National Bank of India
Dec. 31. 100,000 National Discount Company
Dec.31. 50,000 Biedermann and Co.
Dec. 31. 50,000 Wedd. Jefferson and Co.
Dec. 31 50,000 National Bank of New Zealand
Dec. 31. 50,000 Laurie, Milbank and Co.
Dec.31. 50,000 Chartered Bank of India

The following is a List of Deposits with Banks, repaid from 1st October to 31st December, 1912:—

Date. Amount. Name of Bank.
£
Oct. 4 100,000 Glyn, Mills, Currie and Co.
Oct. 4 200,000 London County and Westminster Bank
Oct. 4 100,000 Glyn, Mills, Currie and Co.
Oct. 4 200,000 National Provincial Bank of England
Oct. 5 300,000 London City and Midland Bank
Oct. 5 100,000 London Joint Stock Bank
Oct. 11 175,000 Barclay and Co.
Oct. 12 200,000. National Provincial Bank of England
Nov. 4 100,000 Union of London and Smiths' Bank

Year. Amount of Loan Nature of Loan. Payment at 1/8 per cent. to banks and brokers on allotments in respect of applications bearing their stamp (see Note A). Other Payments (see Note B).
£ £ s. d. £
1896 … … … 2,400,000 India Stock … 2,994 7 6 —
1897 … … … 3,500,000 India Stock … 4,368 17 6 —
1898 … … … 6,000,000 India Stock … 7,474 8 9 —
1900 … … … 3,000,000 India Stock … 3,564 18 9 —
1901 … … … 709,500 India Stock … 833 5 0 —
1901 … … … 1,300,000 India Stock … — 812 10 0
1902 … … … 1,500,000 India Stock … 1,874 12 6 —
1903 … … … 1,500,000 India Stock … 1,873 10 0 —
1904 … … … 2,500,000 India Stock … 3,117 12 6 —
1905 … … … 2,000,000 India Stock … 2,452 10 0 —

NOTE A.—These payments were made by the Bank of England in the same manner as similar payments in connection with other loans issued through the Bank. The names of the recipients were not communicated to the Secretary of State.

NOTE B.—The loans issued in the period to which the question refers were not underwritten. In July, 1901, applications were invited for £3,000,000 India Stock, but the amount applied for was only £709,500. This was allotted; and in the course of the year, £ 1.300,000, being part of the unallotted amount, was sold privately through the Secretary of State's broker, who received a commission of l/16th per cent., amounting to £812 10s., as shown in the last column of the statement above.

Date. Amount. Name of Bank.
£
Nov. 9 400,000 London Joint Stock Bank
Nov. 9 300,000 National Provincial Bank of England
Nov 9 300,000 Union of London and Smiths' Bank
Nov. 12 200,000 London County and Westminster Bank
Nov 12. 100,000 Union of London and Smiths' Bank
Nov. 16 250,000 Union of London and Smiths' Bank
Nov. 29 450,000 London County and Westminster Bank
Nov. 29 350.000 Glyn, Mills, Currie and Co.
Nov. 29 200,000 National Provincial Bank of England
Dec. 5 50,000 London Joint Stock Bank
Dec. 18 250,000 National Provincial Bank of England
Dec. 21 400,000 Union of London and Smiths' Batik