§ MR. BRADY
said, he wished to ask the Lord Advocate if the Directors of the Western Bank of Scotland forfeited (in a legal sense) the right they possessed to circulate Bank Notes by the failure of the Bank; if so, is it the intention of the Government to institute an inquiry into the 20 circumstances connected with the failure, with the view of granting (for the benefit of the shareholders) a power to the said Directors to sell the privilege they possessed?
THE CHANCELLOR OF THE EXCHEQUER
said, that his right hon. and learned Friend the Lord Advocate having called his attention to the question which the hon. Member had just put, he begged to inform hint in reply that the Directors of the Western Bank had forfeited the right which they possessed to circulate bank notes. He also had to state that it was not the intention of the Government to assist in any way in granting a power to those Directors to sell that privilege.