INVESTMENT IN COLONIAL STOCKS.
Press Association—By Telegraph—Copyright. LONDON, July C'A (Received July 25, at 9.25 a.m.)
In the House of Commons the Colonial Stocks -Bill'was read a second time. Sir Michael Hicks-Beach explained that under the bill trustees would be allowed to invest trust, moneys in colonial stocks. If a colony, however, agreed to any colonial legislation detracting from the security of its stock, such legislation should be subject to a. veto by the Imperial Government ; that the stock should also be brought under the Limitations of Colonial Stock Act;: and that the colony must agree to satisfy aiiy judgment in the English courts. Mr R. B. Haldane, Q.C., demurred to the Treasury constituting itself the special guardian of. trustees.
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Bibliographic details
Otago Daily Times, Issue 11795, 26 July 1900, Page 5
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120INVESTMENT IN COLONIAL STOCKS. Otago Daily Times, Issue 11795, 26 July 1900, Page 5
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