§ 59. Sir G. Jeffreysasked the Chancellor of the Exchequer whether he is aware of the practice of the Bank of England of issuing blank transfer forms to holders of securities which the Government propose to requisition; and whether he will consider instructing the bank to fill in 864 the necessary particulars which they must themselves possess rather than leave it to stockholders to make investigations which cause waste of time and should be unnecessary?
§ Sir K. WoodYes, Sir. I fear that the suggestion made by my hon. and gallant Friend could not be adopted without imposing too great a burden on the limited staffs of the registrars concerned.
§ Sir G. JeffreysIf I send my right hon. Friend a specimen copy of a transfer form, will he consider whether it can be reasonably expected that stockholders should understand all the matters about which they are asked to give particulars, and is not the present method a waste of private individuals' time?
§ Sir K. WoodIt is a very difficult matter.