§ MR. HOGAN (Tipperary, Mid)
I beg to ask Mr. Chancellor of the Exchequer whether the prohibition of the investment of trust funds in Colonial Government securities is still in operation; and, if so, whether there is any early prospect of the removal of this restriction.
§ SIR M. HICKS BEACH
It is not correct to say that there is a prohibition of the investment of trust funds in colonial securities, but they can only be so invested if the terms of the trust deed permit it. The matter is under consideration, and I hope later to be in a position to make a statement on the subject.