§ MR. GREGORYasked Mr. Chancellor of the Exchequer, Whether the proposed conversion of perpetual annuities held by the Paymaster General of the Court of Chancery will involve any alteration in the accounts kept by him with the suitors of such Court, or in the orders dealing with the funds to which they are entitled, or whether such suitors will be credited as heretofore with sums of £3 Per Cent. Consolidated Bank Annuities in the books of such Paymaster General?
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. CHILDERS)In reply to the hon. Member, I have to state that the conversion of a portion of Government Stocks held by the Paymaster General of the Court of Chancery on behalf of suitors into Terminable Annuities will not involve any alteration in the accounts kept by him with the suitors, or in the orders dealing with the funds to which they are entitled. The suitors will be credited as heretofore with the Stock to which they are entitled, and with the interest upon such Stock as it accrues due.