SAFEGUARDS IN INDIA
CONDITIONS OF SECURITIES ISSUE THE OFFICIAL VIEW British, Official Wireless RUGBY, Monday. Sir Arthur Hirtzel, Permanent Un-der-Secretary 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 hy the 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 he needed, against a breach of the conditions under which these loans were issued.
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Sun (Auckland), Volume III, Issue 883, 29 January 1930, Page 9
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144SAFEGUARDS IN INDIA Sun (Auckland), Volume III, Issue 883, 29 January 1930, Page 9
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