§ THE CHANCELLOR OF THE EXCHEQUERsaid, he rose to move for leave to introduce a Bill relative to stock certificates to bearer. At that late hour he would not enter into a lengthened explanation of the principles of the Bill, but 1985 would simply state that its object was to give additional facilities for holding and dealing in the public stocks, particularly with a view to a certain class of persons, who were in the habit of holding public stocks for the purpose of borrowing, and also on account of those who might desire to deal in or hold them, without having the advantage of a residence in London, the centre of all such transactions. The Bill would, he believed, be attended with great public convenience. One point might be referred to on the present occasion—namely, that he proposed to disable 1986 trustees from holding funds or public stocks in that particular form, and to confine them to the method of registry now in use. He should reserve to himself the right of making further statements and explanations on the second reading.
§ Leave given.
§ Bill to give further facilities to the Holders of the Public Stocks, ordered to be brought in by Mr. CHANCELLOR of the EXCHEQUER and Mr. PEEL.
§ Bill presented, and read 1°. [Bill 76.]
§ House adjourned at half after One o'clock.