INDIA OFFICE LOANS.
UNPROFITABLE TRANSACTIONS
DISCLOSED
(Received Nov 20, 10.55 p.m.)
London, Nov 20.
Questions' in the House of Commons on the practice'of the India Office granting loans from the India reserve to financial institutions revealed n loan of a million to Samuel Montague and Company at 2\ per cent.. ;
Captain Faber gave notice of a question that as such loans are equivalent to. making the firm a present of■ one per cent, would tho India Office in: future deal direct with the Stock .Exchange in ■order to obtain a better return for the
money ?
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TC19121121.2.28.17
Bibliographic details
Colonist, Volume LIV, Issue 13579, 21 November 1912, Page 5
Word Count
95INDIA OFFICE LOANS. Colonist, Volume LIV, Issue 13579, 21 November 1912, Page 5
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