FUTURE OF INDIA
. IDEA ;OF DEBT REPUDIATION. (British 'Official Wireless.) ItUGBY; Jan. 27. Sir Arthur Hirt/.el, Permanent Under .Secretary for India, replying to a correspondent says : J nclia’s sterling securities) while issued under.,the;• authority 'of an Act; of and cnargod' on the revenue of India, are not guaranteed by the British Government. The Secretary for India cannot 4eal with hypothetical contingencies, but he authorises the statement that Uis '.prek'iit British .Government. have no intention of allowing a state of Things to arise in India in which the repudiation of: the Indian debt could become a practical- possibility, and that it is inconceivable to him that, in dealing with any• scheme of constitutional change in -India,- Parliament could fail to provide safeguards, should they be 'needed-, against- any breach of tlie conditions under which the Indian loans have been issued. '
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Hokitika Guardian, 29 January 1930, Page 6
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139FUTURE OF INDIA Hokitika Guardian, 29 January 1930, Page 6
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