HC Deb 24 February 1943 vol 387 cc170-1
70. Dr. Little

asked the Chancellor of the Exchequer whether, as the non-payment of dividends on dollar securities taken over by the Treasury up to the date of their transfer is a serious loss to holders and specially to charitable trusts, he will make an arrangement whereby a post-war payment may be made as compensation for this loss?

The Financial Secretary to the Treasury (Mr. Assheton)

There is no loss of interest or dividends to holders of such securities who comply promptly with their obligations, and my right hon. Friend could not authorise any general concession in favour of those who are late in doing so.

Dr. Little

Will not my hon. Friend consider that in equity the holders of these securities, which have been called up, are entitled to special consideration after the war for compensation for what they have lost, especially charitable trusts?

Mr. Assheton

I do not admit that there is any hardship.

Dr. Little

There is serious hardship.