HC Deb 06 January 1916 vol 77 cc1106-7
68. Mr. WATT

asked the Chancellor of the Exchequer, whether he is aware that the prospectuses of the late issue of Exchequer Bonds did not reach the Glasgow Stock Exchange or any Scottish bank until after ten o'clock forenoon on Saturday, 18th December, whereas prospectuses were issued in London on Thursday, 16th December, in time for the provincial posts; that this inequality of treatment of the provinces, as compared with London, militates against the success of his loans; and will he in future loans, if there be such, adopt some method whereby all citizens of the country will be treated alike?


I am informed that the prospectuses in question were available on Friday, 17th December, before noon, at banks in Glasgow. I have not any definite information as to the exact time at which prospectuses reached the Glasgow Stock Exchange; but, regard being had to the facts stated by me in answer to my hon. Friend's question on the 20th December, I am at a loss to understand why the prospectus did not reach that Exchange till Saturday.

70. Mr. CURRIE

asked the Chancellor of the Exchequer whether he has arrived at any decision as to how the facilities given in the recent Finance Act to individual Scottish holders of national stocks can best be extended to judicial factors; whether, in view of the terms of the prospectus of the new Exchequer Bonds, a judicial factor charged with the care of a £5 Bond registered by his ward in the General Post Office, London, will be able to sell it or uplift the interest upon it with out obtaining at a cost of £30 from the English Court a vesting order to complete his title, as is necessary in the case of a Scottish holding of Consols placed under control of a judicial factor?


The matter referred to in the first part of the question is still under consideration. I hope to be able to make arrangements to obviate any difficulties of the kind referred to in the last part of the question.