§ MR. O'NEILL (Antrim, Mid)asked the Chief Secretary to the Lord Lieutenant of Ireland, Whether Societies incorporated under the provisions of "The Building Societies Act, 1874," 1166 are entitled, as the Law now stands, to make advances to members out of their funds, on the security of a statutory term in Ireland; and, if not, whether the Government is prepared to introduce such an amending Bill as would enable Building Societies to do so?
§ THE CHIEF SECRETARY (Mr. JOHN MORLEY) (Newcastle-on-Tyne), in reply, said, this was a question of law, and the Building Societies must be guided by the opinions they might succeed in obtaining from their own legal advisers.