INDIAN SECURITIES.
CONDITIONS OF ISSUE.
AN OFFICIAL STATEMENT. (Received January 28, G. 35 p.m.) British Wireless. RUGBY, Jan. 27. Sir Arthur Hirtzel, Permanent UnderSecretary of State for India, replying to a correspondent, says Indian sterling securities were issued under authority of an Act of Parliament. They are charged on the revenues of India, but are not guaranteed by tho British Government. The Secretary of State for India says he cannot deal with hypothetical contingencies, but authorises the statement that the present British Government' has no intention of allowing a state of things to arise in India in which the repudiation of debt could become a practical possibility, and that it is inconceivable to him that in dealing with any scheme for a constitutional change in India, Parliament could fail to provide safeguards, should they bo needed, against a breach of the conditions under which these loans were issued.
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Bibliographic details
New Zealand Herald, Volume LXVII, Issue 20475, 29 January 1930, Page 13
Word Count
148INDIAN SECURITIES. New Zealand Herald, Volume LXVII, Issue 20475, 29 January 1930, Page 13
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