HC Deb 28 September 1915 vol 74 cc734-5
28. Mr. CURRIE

asked the Chancellor of the Exchequer whether there is a single security listed on the London or on any other stock exchange in the country in connection with which a charge is made to an allottee in respect of the preparation and delivery of his certificate other than one particular form of voucher for Consols; whether the terms on which the Government entrusts public business to the Bank of England provide adequate remuneration to the Bank for its clerical trouble; and, if not, whether, in the public interest, he will take steps to increase the Bank's remuneration up to an adequate amount rather than leave investors with the feeling that the Treasury's recent concession to them is in great measure destroyed and defeated by the imposition of a charge?

Mr. McKENNA

A subscriber to the War Loan has the usual option of taking his allotment in the form of inscribed stock or of bonds without any charge. The small fee charged by the Bank of England is to cover the additional work imposed upon them by the special arrangements made since the issue of the Loan for the convenience of subscribers who wish to avail themselves of this additional facility.