HC Deb 18 June 1906 vol 158 cc1341-2
MR. DU CROS (Hastings)

To ask the Postmaster-General what is the

authorised to invest is not a matter within the jurisdiction of the Local Government Board. It is one rather for the Lord Chancellor. I may, however, observe that, even if the security was the same in the case of a mortgage as in that of nominal or inscribed stock, the latter would usually be the more marketable security. This is a point to be borne in mind.