The Sun.
London, England, 1861-02-19 00:00:00

RED SEA AND INDIA TELEGRAPH.

Mr. FREDERICK PEEL moved the appointment of a
select committee on the Red Sea and India Telegraph
Bill.

Mr. WYLD objected to the motion being brought for..
ward in the absence of the Chancellor of the Exchequer,
in whose name it stood on the paper.
Mr. P. PEEL said the object of the bill was simply to
carry out certain arrangements entered into between the
Government and the Red Sea Company-.
Sir MINTO FARQUHAR said that all the answers of
the Government on this subject were so vague that they
could not be understood by those who were interested in
it. The question was of great interest to the public in
general; for public faith was deeply identified with it. It
was understood that the Government were responsible for
the interest to be obtained by the shareholders. The
statement now made by the right hon. gentleman made
confusion worse confounded.
Mr. GREG SON said it was certainly understood that
the contract between the Government and the company
was unconditional, and that the Government was to gua-
rantee the rate of interest to the shareholders.
Mr. Alderman SIDNEY said the house ought to know
if the company had carried out their undertaking with the
Government. All they knew was that the Government had
entered into an unconditional contract with the company,
but whether the company had performed its portion of the
contract did not appear. All they knew was that there had
been a failure by the company, and the surprise was that
the Government had pledged the public money in respect
to the scheme in question, without an assurance being given
that the company would carry it out.
Sir G. C. LEWIS said the question before the house was
the appointment of the committee on the subject under con-
sideration, and he hoped the house would adhere to this
question. What was the engagement between the Govern-
ment and the company was the subject to be considered by
the committee, and when the committee made its report
that would be the time to consider the whole question.
Mr. RICARDO said he believed that the object of ap-
pointing this committee was that it should in effect not
make any report at all. What the house wanted to know
was this, did the company carry out its undertaking with
the Government ? Ho believed they had not, and ho must
say that the explanation given by the right hon. gentleman
was far from satisfactory. Ile should move, at a proper
time, that it be an instruction to the committee to say
whether the company had performed their portion of the
contract.
Sir C. WOOD repeated the statement made by Sir G. C.
Lewis, and said he believed it was true that the whole line
of telegraph had not been in operation, but a part of it had
been. The simple question to be considered by the com-
mittee was the contract between the Government and the
company.
The following gentlemen were appointed members of the
committee :—Mr, Peel, Sir S. Northcote, Mr. Dunlop, Mr.
Cave, Mr. Scholefield, Mr. E. Egerton, and Mr. Bonham-
Carter.
The house then adjourned at 11 o'clock.

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