§ MR. F. S. POWELL (Wigan)asked Mr. Chancellor of the Exchequer, Whether he is prepared to state the extended time which will be prescribed within which assent for the exchange of any Consolidated Three per Cent Stock or Reduced Three per Cent Stock may be signified, under the National Debt conversion proposals of the Government, in the case of Trustees, or persons acting in the administration of the Charity to which that Stock belongs where the same stands in the name of the Official Trustees of Charitable Funds?
THE CHANCELLOR OF THE EXCHEQUER (Mr. GOSOHEN) (St, George's, Hanover Square)It is proposed to extend the time in which Trustees, being within the United Kingdom, may express assent to conversion of Consols or Reduced Threes to the 12th of May, 1888, a longer time being granted if they are out of the Kingdom. The case of persons acting in the administration of Charities is still under consideration.