§ MR. PARKER (Halifax)
To ask the Secretary to the Treasury what was the amount of unclaimed money held by the Court of Chancery twenty years ago; what amounts have been paid to claimants during the past twenty years; and what amount has been appropriated by the State during this period.
(Answered by Mr. Runciman.) The subjoined statement shows the position of the dormant funds in Court at triennial periods since 1884. It should, however, be borne in mind that "dormant funds" do not necessarily represent "unclaimed money." No amount has been appropriated to the State from these funds during that period.
|Dormant funds * in Court on 1st September of years named.||Funds paid out.†|
|Date.||Number of separate accounts.||Cash.||Securities.||Nominal total.||Number of separate accounts.||Cash.||Securities|
|*A dormant fund is "an account in the books of the Pay Office to the credit of which there stood" on the dates named "any sums not less than £50, which have not been dealt with, otherwise than by the continuous investment or placing on deposits of dividends, during the fifteen years immediately preceding the said dates" (Rule 101, Supreme Court Funds Rules, 1905).|
|† These amounts are calculated triennially, on the preparation of a new list of dormant funds, as being paid out of the accounts in the preceding list.|