HC Deb 12 June 1917 vol 94 c778W

asked the Chancellor of the Exchequer if he is aware that 142,600 dollars Cedar Rapids Manufacturing and Power Company Five per Cent. bonds and 1,359 Canadian Pacific Railway Company common shares belonging to Mr. William A. Horn and members of his family, and included in the list of securities dated 19th December, 1916, for loan to the Treasury under Deposit Scheme B, have been refused acceptance by the American Dollars Securities Committee on the ground that they were not actually lodged before 26th January, 1917, on which date the scheme was withdrawn; will he take into consideration that the Bank of Adelaide wrote to the Committee on 23rd January while the scheme was still open, intimating the intention to lodge the securities and explaining that there would be some delay in getting the forms and transfers signed as all the parties concerned were away from London; is it intended to take advantage, to the detriment of the holders, of a few days' delay in completing technicalities, when notification of the intention to lodge the securities, setting forth the names of the holders and particulars of their holdings, had been given within the authorised period; and will he also take into account that the delay was in part due to the absence of three of Mr. Horn's sons at the Front?


The circumstances of this case have been fully considered but I fear that I cannot make a special exception in this case from the rule that securities not lodged before 26th January, 1917, are liable to be requisitioned