MR. PHILIPPS (Lanark, Mid)I beg to ask the Chancellor of the Exchequer by which section of the Building Societies Act, or by which clause of the Treasury Regulations, is the Wishaw Building and Investment Society obliged, in order to obtain registration of a complete alteration of its rules, to change its name to the Wishaw Investment and Building Society?
§ MR. GOSCHENThere are no Treasury Regulations applicable to Building Societies. By Regulation 5 of the Secretary of State's Regulations "the Registrar before registering a new set of rules"—termed in the regulations a complete alteration—"shall ascertain that it is in conformity with the Building Societies Acts." By Section 44 of the Building Societies Act, 1874, and the Schedule of forms, the rules are not in conformity with the Acts unless the 542 last words of the name are "Building Society."