§ MR. BUCHANAN (Edinburgh, W.)asked the Lord Advocate, whether Scottish Trustees can take advantage of Clause 27 of the National Debt Conversion Act, and legally invest the proceeds arising from the sale under that clause of Stock held by them in securities authorized by "The Trusts (Scotland) Act, 1884"?
§ THE LORD ADVOCATE (Mr. J. H. A. MACDONALD) (Edinburgh and St. Andrew's Universities)Clause 27 was added on recommitment, and was not in the original Bill. Without giving any legal opinion, I may say that the clause as it stands does not appear to apply to any Stock held by Trustees in Scotland.
§ MR. BUCHANANasked the Chancellor of the Exchequer, Whether in any way there was a provision in the Bill, or, if not, whether he Would provide in the Bill that Scottish Trustees under Scottish Law should obtain the advantage of Clause 27?
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. GOSCHEN) (St. George's, Hanover Square)said, there was a slip in not including Scotland in the Bill; and he would take care, by one means or another, to have the matter put right. Possibly it might be necessary to add a clause to that effect; but, in any case, he would attend to the matter.