§ MR. LONSDALETo ask Mr. Attorney-General whether the Public Trustee may have transferred to himself shares in joint stock companies upon which there 54 is an uncalled liability; if so, whether the Public Trustee is liable to pay calls that may be made subsequently upon such shares; and whether this is included in the liabilities which may be placed upon the Consolidated Fund under Section 7 of the Public Trustee Act, 1907.
(Answered by Sir William Robson.) The Public Trustee may, if he accepts the trust, have, transferred to himself shares in joint stock companies upon which there is an uncalled liability. The question as to his liability in such cases is one of law depending on the construction and effect of Sections 2 and 7 of the Act of 1906 and of the rules made or to be made thereunder as applied to the circumstances of the particular case.