§ Sir E. Graham-Littleasked the Chancellor of the Exchequer whether he is aware of the lack of confidence members of the public, who have subscribed for Defence Bonds, feel at having to deposit them with banks nominated by the Treasury; that the management of clients' personal affairs is thereby directed from the family solicitor to the banks, who are not in the same confidential relationship as the individual legal advisers; and whether he will waive this rule.
§ Mr. DaltonSince Defence Bonds do not exist in bearer form, they are not subject to deposit under the Exchange Control Act. I take the opportunity of pointing out to the hon. Member that there is no need for the owner of bearer bonds, etc., to withdraw them from his solicitor, provided the latter lodges the bonds with his bank, which he can do in his own name. There need, therefore, be no interference with the relationship between solicitor and client.