§ MR. F. S. POWELL (Wigan)asked Mr. Chancellor of the Exchequer, Whether he will be prepared to state before the Recess what time will be given to the Trustees of Charities, under Regulations to be issued by the Treasury, within which they may express their dissent from the conversion of Stock, should they desire in any case to dissent?
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. GOSCHEN) (St. George's, Hanover Square)As regards the New Threes no Regulations need be laid down by the Treasury, for the 7th clause of the Bill provides that dissent must be signified by the Official Trustees of Charitable Funds at the request of the Trustees or persons acting in the administration of the Charity to which the Stock belongs, if at all, on or before the 12th of April next. As regards Consols and Reduced Threes, the Regulations will fix June 1 as the latest date by which assents may be sent in in respect of Charitable Trusts; but power will be reserved to treat exceptional cases exceptionally.