HC Deb 14 February 1896 vol 37 cc345-6
MR. HEYWOOD JOHNSTONE (Sussex, Horsham)

I beg to ask the President of the Local Government Board, if he is aware that, notwithstanding Section 3, Sub-Section 9, of the Local Government Act, 1894, the Bank of England refuse to pay to the Parish Council of Slinfold, Sussex, the dividends on a sum of £91 12s. 7d. Consols, standing in its name in the books of the Bank, on the ground that it has no common seal; and that the Bank also refuses, on the same ground, to issue a power of attorney to the Council, to enable it to sell out part of such sum of Consols; and if he will take the opinion of the Law Officers of the Crown as to whether a common seal is required, and, if necessary, bring in a Bill to explain and amend the section, and to enable Parish Councils which have not adopted a common seal to obtain the dividends which accrue on stock standing in their names, and to transfer such stock by transfers executed in the manner provided by the section?

THE PRESIDENT OF THE LOCAL GOVERNMENT BOARD (Mr. HENRY CHAPLIN,) Lincolnshire, Sleaford

The Local Government Board are aware that a difficulty has arisen as regards the sale of stock standing in the name of the Parish Council at the Bank of England, and the Board propose to submit a case for the opinion of the Law Officers on the subject. The Board have no information as to any difficulty arising as to the payment of dividends.