HC Deb 08 April 1864 vol 174 c719

Order for Second Reading read.

Moved, "That the Bill be now read a second time."—(Mr. Chancellor of the Exchequer.)


, in moving the second reading of this Bill, said, the object of its first and most important clause was, to provide that all stock received by the Commissioners for the reduction of the National Debt, either on account of Life Assurances or on account of Deferred Annuities, should not be cancelled as it was under the provisions of the present law, but should be held by those Commissioners and kept alive, and dividends received upon it, so that there should be an adequate fund to meet the prospective obligations on those annuities or assurances when they arose.

Motion agreed to.

Bill read 2°, and committed for Friday, 29th April.

House adjourned at half after Twelve o'clock till Monday next.