§ MR. J. WILLIAMS BENN (Devonport)To ask the President of the Local Government Board whether he is aware of the effect upon municipalities of the provisions of the Trustee Act of 1893, limiting the investments of trustees to nominal or inscribed stock and excluding corporation mortgages as a trustee security: and whether, seeing that the security in all cases of mortgage is the rates, and that many corporations, including Devonport, have by local Acts power to mortgage all their revenues in addition to the rates, thus making the security identical with that of stock, in view of the practice which obtains in Scotland, he will take steps to legalise as trustee securities corporation mortgages.
(Answered by Mr. John Burns.) I am aware of the desire of local authorities that the power of trustees to invest in their securities should be extended in the direction suggested; but the determination of the question as to the securities in which trustees should be
| London. | Outside London. | Total. | |
| In district and separate schools | 7,878 | 4,515 | 12,393 |
| Cottage, scattered, and other homes | 3,876 | 10,714 | 14,590 |