§ Mr. BOTTOMLEYasked the Chancellor of the Exchequer, whether, under the present law all dormant balances in the hands of bankers become their property after the expiration of six years; and whether, pending a full inquiry into the subject of unclaimed bank balances and securities, he will introduce a Bill requiring bankers to advertise the particulars of dormant accounts six months before, by operation of law, they would become merged with their own assets?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. McKinnon Wood)My right hon. Friend does not consider that there is sufficient reason to take the action suggested in the hon. Member's question.