§ Sir P. Hannonasked the Chancellor of the Exchequer whether his attention has been called to the rules of the Throg-morton Street Stock Exchange, London; and whether he is aware that transfer deeds of public securities, certified by secretaries of some of the stock exchanges 365W recognised under the provisions of the Prevention of Fraud (Investments) Act, 1939 have been ruled as bad delivery by that institution; under which Statute the Throgmorton Street Stock Exchange is empowered to make such a ruling in regard to the shares and other securities of public companies passing by common transfer deed to and from members of stock exchanges; and what action he proposes to take in the matter?
§ Sir K. WoodThe Stock Exchange is an autonomous institution and its rules are not regulated by Statute. Accordingly I cannot take any action in the matter.