HC Deb 25 February 1887 vol 311 cc579-80
MR. HOWELL (Bethnal Green, N.E.)

asked Mr. Chancellor of the Exchequer, Whether the National Debt Commissioners paid interest on the sum of £160,000 standing to the credit of the Cardiff Trustee Savings Bank up to September 1886; whether the Trustees of that Bank refused to allow any interest to depositors after 20th November 1885, nearly a year previously; and, whether the amount so received, as interest on deposits from the National Debt Commissioners, was devoted to partially replacing the deficiency caused by the frauds of the actuary of the Cardiff Trustee Savings Bank?


There has not been time to ascertain the facts; but I am authorized to state that the Government will willingly lend any assistance to any representations regarding an alteration of the law which will prevent such a catastrophe as has occurred. The Government will be most happy, while endeavouring on the one hand to avoid any interference with Societies of this kind, on the other hand to give any assistance in the way of increased securities in their power.