Deseret Evening News | 1903-05-07 | Page 3 | Chamberlain on So African Colonies

CHAMBERLAIN ON SO SQ AFRICAN COLONIES London May In the house of or commons today tOllo on A formal Cormal guaranteeing the loan of ot Colonial Secy Chamberlain de do delivered livered 1 a 1 lengthy optimistic speech ch on onha tM ha future of the time new South African colonies Ills remarks were mostly mo I a 0 au u iteration of ot former statements Mr Ir Chamberlain declined to give gIe llio tite pi or Ut time of ot Issue of or time the th new loan but Mid aid the lbs prospectus would shortly be beI Issued I su d lie He explained that It 11 had holl been b 1 decided 11 to tv all alt the existing l which would absorb of or the new loan Joan and more morl would be 00 expended 1 an nit quickly as pos possible sible on the tho ito development of ot railways JOO would be spent on land set t and on 01 public works The rime security for the loan was excel excellent lent lelit U It would be b a 1 charge on tilt tile com common mon nina fund funil of the tho two colonies the tIme and Orange Oran River Rt colonies whose would be administered by the m nOw new council v vas ras about to b boo created o for the till of or dealing with the constabulary con sty ary at railways and other mattei mattene the colonies were ere Jointly Interfiled interested This pils would be a 11 commencement of this the lolley to the th federation n trIM Africa which he b was wasn WR n tItan than many man i Time The chancellor of ot the time exchequer Mr MI declined to reveal this the rate rats of lit In advance a of M the th Issuing or Of the he h Pr Ho Ito Io said 10 the Ihl Interest IoU und tinel nd the tt sinking finking fund nd would total I Il Iler l ler r cent but It I would ou tie te his hla hl hands handa Mere eteh ere he to announce tho the interest t rate rt clone alone