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{
    "id": 222712,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/222712/?format=api",
    "text_counter": 290,
    "type": "speech",
    "speaker_name": "Mr. Kimunya",
    "speaker_title": "The Minister for Finance",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": " No, it is not like cash. It is like a bankers cheque which you take to somebody to pay you. You need to take the original bankers cheque to your bank which will then authenticate it before it pays you. It is on that basis that even if you took a bankers cheque to your bank today, you do not get value for it immediately. The bankers cheque has to be verified by the issuing bank that it is not a forged one and that it is actually payable. It is on that same basis that I am going to bring it down to that level of understanding so that we even understand more about these promissory notes. I can confirm now, just as I did some time back, that all the promissory notes that were issued by the Government were all cancelled. On this particular one for this project, which was even queried by the Controller and Auditor-General, his argument was, and you will recall from the Report that was presented before the PAC, that some equipment had been delivered to Mombasa. I can quote from the Report of the Controller and Auditor-General."
}