§ 8. Mr. DAVID GRENFELLasked the Secretary of State for India what action the Government of India propose to take, in view of the representations made to them from the Government of Madras, with regard to an amendment of the Indian Trusts Act, so as to declare the debentures of the Madras Co-operative Central Land Mortgage Bank trustee securities?
§ 10. Mr. RHYS DAVIESasked the Secretary of State for India whether the Government of India will consider the advisability of holding an inquiry with a view to enabling, or inducing, Indian insurance companies to take up the debentures of land mortgage banks as suitable long-term investments?
§ Sir S. HOAREThe views of the Government of India were stated by their Finance Member in the Legislative Assembly on the 1st March. His speech will be found on pages 1416–1420 of the Proceedings of the Assembly, of which I am sending a copy to the hon. Members for Gower (Mr. D. Grenfell) and Westhoughton (Mr. R. Davies).