§ MR. HOWELL (Bethnal Green, N.E.)asked the Chancellor of the Exchequer whether his attention has been drawn to the report of the trial of the actuary or clerk who embezzled the funds of the Macclesfield Savings Bank, at which trial the Judge, in passing sentence, severely commented upon the carelessness and negligence of the trustees and managers; and, whether, under the circumstances, the Government will order an inquiry under the Act of 1887?
§ *THE CHANCELLOR OF THE EXCHEQUER (Mr. GOSCHEN,) St. George's, Hanover SquareBefore the hon. Member's question appeared on the Paper, the Treasury had received a report from the National Debt Commissioners calling attention to the defalcations at the Macclesfield Savings Bank, and recommending that an inquiry should be held under the Act of 1887. The Treasury are of opinion that an investigation is called for by the circumstances, and the Treasury Solicitor will be instructed to make an application to the High Court to appoint a Commissioner to hold a local inquiry, as was done in the case of the Cardiff Bank.