§ MR. HAYDENI beg to ask Mr. Chancellor of the Exchequer whether the disproportionately low price of Irish Guaranteed Land Stock is in some measure due to its lack of a free market and infrequent circulation; and whether the Lord Chancellor of Ireland might influence the Court of Chancery in Ireland, who invest about £500,000 annually, mainly in Consols, to make a practice of ordering investments to be made in Land Stock, a security equally good to all intents, and paying a higher interest.
§ MR. T. L. CORBETTasked whether the fall in the price of the Stock was not really due to the attitude of the Government towards Home Rule.
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. ASQUITH,) Fife, E.As regards the supplementary Question the Stock has been steadily rising in price for some months.
Guaranteed 2¾ per cent. Stock is included in the list of authorised in vestments for moneys under the control or subject to the Order of the Supreme Court of Judicature, Ireland The selection of the particular investments to be made in each case is within the discretion of the Courts themselves 68 but I will take care that the hon. Member suggestion shall receive consideration in the proper quarter.