§ 66. Mr. MITCHELL-THOMSON
asked the Chancellor of the Exchequer whether he is aware that under the provisions of many trusts the trustees are empowered to hold certain classes of American securities but not to invest in the same; whether 476 he has considered what will be the position of such trustees who have transferred their securities to the Government and received Exchequer Bonds in exchange when these bonds mature; and whether he will consider the advisability of making provision to allow trustees in such cases to reinvest in such securities?
§ Mr. McKENNA
I do not think there would be sufficient justification for such an interference with trusts as is suggested.