§ MR. COLERIDGE KENNARDasked Mr. Chancellor of the Exchequer, Whether it is his intention to introduce into Parliament a Bill having for object the relaxation of the stringent provisions found in numerous trust deeds, which confine trustees in the investment of funds to such securities as are now in process of undergoing a reduction of interest thereon; and, whether he can now state the intentions of Her Majesty's Government in regard to a corresponding reduction of one-half per cent in the rate of interest allowed to depositors in the Trustees and Post Office Savings Banks?
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. CHILDERS)Sir, in reply to the first Question of the hon. Member, I have to say that the occasion for considering any such plan as he suggests does not arise until a proposal for compulsory redemption of Three per Cent Stock is brought before Parliament. As to the second Question, I have already stated that it is altogether premature.