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Navy Supplementary Estimate, 1919–20.

Part of Orders of the Day — Civil Services and Revenue Departments and Navy Supplementary Estimates, 1919–1920. – in the House of Commons on 17th March 1920.

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Photo of Colonel Josiah Wedgwood Colonel Josiah Wedgwood , Newcastle-under-Lyme

I should like to know if the increased charges have tended to check the amount of work or this office. Those increases have been considerable, and we ought to know as soon as possible whether they have tended to check the movement which we welcomed before of a continual increase in the placing of work of this kind in the hands of the Public Trustee. I should like also to know how far the Public Trustee selects securities in which the funds are, or may be, invested. He is not confined to trustees' securities, and what is there to guide him as to the investments? This is particularly important at present when there is such a burst of almost gambling on the Stock Exchange in certain securities, and when the financial position is so particularly unsound that there should be the greatest possible care and scrutiny of any investments which are not of a Trustee character. I would like to be assured in the case of any fall in values that there will not be involved any loss upon the people who have entrusted their money to the Public Trustee.