§ SIR JAMES WOODHOUSE (Huddersfield)I beg to ask the Chancellor of the Exchequer, whether he can now accede to the desire of the trustee savings banks to have their powers of investment for the purposes of Section 16 of The Savings Bank Act, 1863, extended so as to enable them to invest on the security of county and borough rates or other authorised securities of local authorities?
§ THE CHANCELLOR OF THE EXCHEQUER (Sir MICHAEL HICKS BEACH,) Bristol, W.This matter has been under my consideration, and I am now in communication with my hon. Friend the Member for the South Division of Islington upon it. But, up to the present, I have not been able to see my way to agree to the proposal.