§ Sir T. BENNETTasked the Secretary of State for the Colonies whether he has any official information to the effect that, without financial assistance from this country, Kenya Colony would be unlikely to be able to pay interest and sinking fund on its loans; and if he is prepared to make any statement on the subject?
§ Mr. CHURCHILLI have no such information, and I deprecate any such suggestion, which can only be prejudicial to the credit of the Colony at a time when, like most other parts of the world, it is feeling the effects or economic stringency and depression. The loan charges will, of course, fall to be met out of the revenues of the Colony, including that of the Uganda Railway, and, as has been previously stated, drastic steps have been and are being taken to curtail expenditure and maintain revenue. I may add, for the information of my hon. Friend, that the Kenya loan, floated last November at 95, to-day stands at 111.