HC Deb 06 February 1860 vol 156 cc562-3

House in Committee, according to Order.

(In the Committee.)

Clause 1.

In reply to Mr. GREGSON,

SIR CHARLES WOOD

said, the first clause of the Bill was not limited to notes registered and transferable, but applied also to "enfaced notes" which continued to be held by the proprietors, and were presented periodically for the half-year's interest. Also, that the clause did not include notes carrying coupons; but he had no objection so to alter it as to place the holders of them in the same position as the holders of "enfaced notes," provided the holders of notes with coupons attached would consent to allow themselves to be placed in the same position as the holders of "enfaced notes," that is, to receive their interest only by drafts from the India House.

Clause agreed to, as were the remaining clauses.

House resumed.

Bill reported.