§ MR. HOWELL (Bethnal Green, N.E.)
asked the First Lord of the Treasury, Whether, having regard to the great loss to depositors by the failure of the Cardiff Savings Bank, the difficulties in the way of depositors recovering their losses, and the total absence of responsibility of Trustees of such banks, the Government will consent to the appointment of a Royal Commission to inquire into the matter, with a view to early remedial legislation on the subject?
§ THE FIRST LORD (Mr. W. H. SMITH) (Strand, Westminster)
The Government have given a very careful consideration to the case to which the hon. Member refers. They are doubtful whether the appointment of a Royal Commission to inquire into the matter would be desirable; but it is their intention, if possible, to introduce, in the course of the present Session, a measure that would aim at the case to which the hon. Member refers, and with the object also of dealing with other cases of a like nature which may by possibility arise.