§ Mr. HANNONasked the Secretary of State for India whether his attention has been called to the issue by the Government of India of £7,000,000 6 per cent. bonds, 1933–35, and which has now been subscribed for in this country; if the object of the issue is to provide funds for the development of railways and other public works in India; and if he will make representations to the Government of India that contracts which arise as a result of the issue shall as far as possible be placed in this country?
§ Mr. BENNYes, Sir; the object of the issue is to provide funds for capital expenditure on railways in India and for 821W general purposes. As regards the third part of the question, I have already on more than one occasion explained to the hon. Member the considerations that govern this matter.