Oral Answers to Questions — Isle of Man Loans Bill.

– in the House of Commons on 9th July 1931.

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Photo of Mr William Kelly Mr William Kelly , Rochdale

66.

asked the Financial Secretary to the Treasury what is the attitude of the Government to the application of the Isle of Man legislature for approval for the raising of a loan and the funding of the War Debt?

Photo of Mr Frederick Pethick-Lawrence Mr Frederick Pethick-Lawrence , Leicester West

I am today introducing the necessary Bill in connection with this matter.

Photo of Mr William Kelly Mr William Kelly , Rochdale

Do I understand that the Royal Assent is being given to the island having a debt, when it can well afford to pay out of revenue, and when there is a strong opposition to such a debt being created?

Photo of Mr Frederick Pethick-Lawrence Mr Frederick Pethick-Lawrence , Leicester West

Obviously, the right time to discuss this question, if the hon. Member wishes to discuss it, is when the Bill is introduced and on the subsequent stages of the Bill.