§ 52. Sir W. Smithersasked the Chancellor of the Exchequer if he will introduce legislation to amend the Trustee Act so that trustees may have the option of investing trust moneys in equities as well as in Government and other trustee securities.
§ Sir W. SmithersIn view of the fact that no one in his senses would invest his money in a company of which the present Government were the board of directors, would the Chancellor give more latitude and wider freedom of choice to trustees to invest in what they think is a good security?
§ Mr. DaltonNo, Sir. I would advise all trustees to invest now in 2½ per cent. Treasury Bonds.