§ 65. Dr. Littleasked the Chancellor of the Exchequer whether, in the case of dollar securities being taken over by the Treasury, he will arrange that the dividends on the said securities be paid to holders of same up to the time they are handed over to the Treasury?
§ The Chancellor of the Exchequer (Sir Kingsley Wood)Securities acquired by the Treasury under the Defence (Finance) Regulations become the property of the Treasury as from the date of the relevant Order or Direction, and any dividends falling due thereafter are in consequence the property of the Treasury, unless the security has been specifically acquired ex dividend.
§ Dr. LittleDoes my right hon. Friend recognise what a hardship it is to the holders of these securities to lose the dividend payable up to the time they are taken over; and that I myself happen to be the trustee of a charitable trust and we lost £132 through that kind of thing?