Transvaal Loan

MR. HILLS
I beg to ask the Undersecretary of State for the Colonies whether the guaranteeing by His Majesty's Government of a £5,000,000 loan for the Transvaal formed part of some general arrangement or understanding between His Majesty's Government and the Transvaal Government; and, if so, what are the terms of such arrangement or understanding, and what matters or subjects does it cover.

MR. CHURCHILL
No, Sir.