Sir N. STEWART SANDEMANasked the Secretary of State for India whether, in view of the effect which the stabilisation resulting from a loan to India would have upon the purchasing power of the masses in that country, what steps the Indian Government itself is taking to re-establish its financial position?
§ Mr. BENNThe Government of India is engaged in studying the possibilities of retrenchment in all directions, and is fully alive to the importance of doing everything practicable to improve its financial position.