Mrs. Hillasked the Minister of Housing and Local Government and Minister for Welsh Affairs if, in order to reassure present and prospective holders of stocks of the London and Middlesex County Councils, he will state who will assume responsibility for these stocks when the respective councils cease to exist.
18W
§ Sir K. JosephI intend, under the London Government Bill, to make regulations transferring responsibility for these stocks to the Greater London Council from 1st April, 1965, and charging them on all the revenues of that Council. I am glad to assure my hon. Friend that the interests of the stockholders will be fully safeguarded.