HC Deb 07 July 1932 vol 268 cc605-6
Mr. DENMAN

(by Private Notice) asked the Financial Secretary to the Treasury what arrangements are being made to facilitate the conversion of War Loan deposited with the High Court under various statutes.

Major ELLIOT

In general, where it is possible to communicate by letter, a copy of the letter from the Chancellor of the Exchequer to every holder is being sent with a notice that, where continuance of the holding and payment of the cash bonus is desired, application should be made to the Court not later than the 25th July, and where repayment in cash is desired, application should be made not later than the 19th September. Where communication by letter is not possible recourse is had to advertisement. The Court fees will be remitted on the application. The procedure will be as simple as possible. In Lunacy cases notice is being given to all receivers that an application will be made for continuance of holdings in the Loan and for payment of the cash bonus unless a counter-notice to the contrary is received not later than the 25th July.