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Canada Defences (Guarantee Of Loan) Bill

Volume 203: debated on Tuesday 19 July 1870

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Resolution reported;

"That it is expedient to authorise the Commissioners of Her Majesty's Treasury to guarantee the payment of the principal and interest of a Loan of £1,100,000 sterling, such interest not to exceed four per centum per annum, to be raised by the Government of Canada for the construction of Fortifications in that Country; and to provide for the payment out of the Consolidated Fund of such sum or sums of money as shall be required from time to time for giving effect to the said Guarantee."

Resolution agreed to: — Bill ordered to be brought in by Mr. DODSON, Mr. CHANCELLOR of the EXCHEQUER, and Mr. STANSFELD.

Bill presented, and read the first time. [Bill 225.]