§ 134. Sir J. Mellorasked the Minister of Transport if the Government will assume liability for the guarantee by the main line railway companies of interest on Metropolitan Assented Stock.
§ Mr. BarnesAs I have previously explained to the hon. Member, this stock is not a security which is being acquired, and no question of a Government guarantee arises. But as the hon. Member will see from the terms of the Bill, the liability of the main line companies in relation to it will be transferred to the British Transport Commission.