§ 62. Sir H. Williams
asked the Chancellor of the Exchequer if he will consider amending the Superannuation and other Trust Funds (Validation) Act, 1927, so as to enable the trustees of the National Fund to have greater freedom of investment to avoid the capital losses which have arisen due to the instability of value of gilt-edged security.
§ Mr. R. A. Butler
No. The Act mentioned does not affect the powers of144W investment of the trustees of the National Fund, who have complete discretion in their choice of investments.