HC Deb 18 August 1887 vol 319 cc1061-2

Bill, as amended, considered.

New Clause— In page 11, after Clause 4, insert the following Clauae:—

(Exception of money invested in computing annual maximum.)

Where in any Savings Bank year any sums not deposited for immediate investment are invested by any Savings Bank authority, on the request of the depositor, in any Government Stock, any sums previously deposited in that year by such depositor shall not, except so far as they exceed in the aggregate the sums so invested, be reckoned in computing the maximum amount which is allowed to be deposited in that year,"—(Mr. Raikes,)

—brought up, and read the first time.

Motion made, and Question proposed, "That the Clause be read a second time."

MR. CONYBEARE (Cornwall, Camborne)

I beg to move that the debate be now adjourned. We have had no Notice of this new clause, and it is rather too much to ask us to enter upon the discussion now.

Motion made, and Question proposed, "That the Debate be now adjourned."—(Mr. Conybeare.)

THE POSTMASTER GENERAL (Mr. RAIKES) (Cambridge University)

I may say the clause has been on the Paper two days, and I think the hon. Member will find there is no objection to it, and a general opinion that the Bill should become law as soon as possible.

MR. CONYBEARE

The right hon. Gentleman the Leader of the House has told us it is too late to proceed with other Business.

MR. BARTLEY (Islington, N.)

The clause has general assent. It carries out the proposal urged in the Memorial I sent this Session to the Postmaster General, signed by more than 100 Members, to encourage people to invest their savings in Consols. I hope the hon. Member will not persist in his Motion, or if he does, that the Government 'will persevere.

DR. TANNER (Cork Co., Mid)

After the remarks of the right hon. Gentleman that it is too late to go on with other Business, we certainly must insist on an adjournment.

Question put, and agreed to.

Debate adjourned till To-morrow.