HC Deb 10 March 1925 vol 181 c1161W

asked the Chancellor of the Exchequer if he will consider an amendment to the Colonial Stock Act of 1900, which allows trustees to invest in the funds, to insist that on a floatation being made the prospectus contains the total debt of the state in question, the national revenue and expenditure for the three preceding years, and a definite sinking fund attached to the loan


I understand that in the case of at least one Dominion information as to the existing debt, the Budget position and generally as to sinking fund arrangements is given in each new prospectus, and I agree that it would be an advantage if this practice became general. I am not, however, contemplating legislation on this subject at present.