HC Deb 06 May 1912 vol 38 cc174-5W

asked the Chancellor of the Exchequer whether, in view of the fact that as a result of the recent strike of coal miners the revenues of railway companies may be so affected as to make it impossible for them to pay any dividend on their ordinary stock during the current year, or cause any dividend to be less than 3 per cent., the Government will take such steps as may be necessary to insure that any such failure of or shortage in the dividend on the ordinary stock of any railway company during the current year shall not have the effect of removing the debenture, guaranteed, preference, or lien stocks of such company from the list of investments authorised by law for the investment of trust funds?


The Government are unable to state what course of action they might consider desirable in circumstances which have not yet arisen.