HC Deb 03 August 1922 vol 157 cc1648-9
63. Mr. RAWLINSON

asked the Secretary of State for the Colonies whether, as the British Government are not liable for trust funds held by the Public Trustee in Ireland, beneficiaries will have an opportunity of transferring their funds from the Public Trustee in Ireland to the custody of the Public Trustee in London?

The FINANCIAL SECRETARY to the TREASURY (Mr. Hilton Young)

I fear I can add nothing for the present to the answer which I gave my hon. and learned Friend on the 12th April.

Mr. RAWLINSON

Is the right hon. Gentleman aware that on the.12th April I was promised that an opportunity should be taken, before the Free State Government was set up, to have this matter looked into? When will it be looked into, and can the beneficiaries withdraw their money now?

Mr. YOUNG

It is receiving consideration at the present time. It is a matter in which rather complicated adjustments have to be made. In the meantime, I repeat my assurance to the hon. and learned Member that the obligation to make satisfactory arrangements to protect the interests of the beneficiaries is fully recognised.

Mr. RAWLINSON

Can they withdraw at the present time?

Mr. YOUNG

I imagine that they can.

Sir J. BUTCHER

In view of the destruction of property that is going on in Ireland, will a speedy decision be arrived at?

Mr. YOUNG

Every effort will be made to arrange this matter without any avoidable delay.