§ MR. C. B. RENSHAW (Renfrew, W.)
I beg to ask the Lord Advocate, with regard to the fact that in Scotland trustees cannot invest in County Council or School Board loans, while trustees in England are entitled to do so in respect of County Council Stocks, whether any representations on the subject as it affects Scotland have been made to the Government; and, whether the Government will undertake to deal with the question by legislation?
§ * THE LORD ADVOCATE
Several representations have been received, chiefly from School Boards, desiring a relaxation of the law as to investments by private trustees. The proposal, as I understand it, would confer larger powers than trustees have in England, and raises important questions touching the security of the trust funds. I cannot hold out any prospect of legislation upon it this Session.