§ 100. Mr. SAMUEL ROBERTSasked the Chancellor of the Exchequer whether he has received a letter from the council of the Association of Chambers of Commerce of the United Kingdom urging the desirability of requesting the Bank of England to discontinue the inconvenient practice with regard to inscription and transfer of the greater portion of British Government Stock (including the War Loans), and to employ the ordinary modern method of registration and transfer by deed; and whether he is in a position to give a favourable reply?
§ Mr. McKENNAI have received the letter to which the hon. Member refers. It is not clear, however, that as regards the majority of stockholders the existing system of transfer is not more convenient than transfer by deed, and in any case I do not think that the present time would be suitable for a general change in the Bank's practice.