HC Deb 26 March 1888 vol 324 c245
MR. DIXON-HARTLAND (Middlesex, Uxbridge)

asked Mr. Chancellor of the Exchequer, Whether he has seen the notice issued by the Bank of England requiring all holders of Three per Cent Stock, Consols, and Reduced Three per Cents, to lodge their Stock certificate by a certain day, whether they dissent or assent; whether he is aware that the production of such certificates has never been usual when Stock has been sold or transferred, but simply identification of the party by a broker, and that such Stock certificates, being looked on as valueless, are often put away with papers; and, if he will consider whether it may not prevent many persons expressing their wishes, if they cannot do so except by production of such receipts?


The hon. Gentleman's Question is based on a misconception. The notice only applies to Stock certificates to bearer, which constitute the sole title to the Stock to which they refer, and not, as he appears to think, to Stock receipts, which are given when inscribed Stock is transferred, and which have no negotiable value.