§ Motion made, and Question proposed, "That this be the Third Schedule to the Bill."
922§ Mr. EcclesI had an Amendment on the Paper to this Schedule but perhaps I can raise the point in the form of a question now. In regard to paragraph 4 I wanted to know what is the position in regard to the investments which may be prescribed. Is it possible for any holder of blocked accounts to spend or will this be sterling property?
The Solicitor-GeneralThe position will be as it is now in Statutory Rule and Order 1598 of 1946. That is to say, broadly speaking the blocked account
must be registered as those which are purchased on any recognised stock exchange in the United Kingdom or, in the case of securities issued by His Majesty's Government, are either so purchased or are acquired by subscription, and are irredeemable or are not redeemable before the expiration of the period of ten years beginning with the date of such purchase orThat is the position in the present Statutory Rule and Order and that position will be continued.
§ Question put, and agreed to.
§ Fourth Schedule agreed to.