Part of the debate – in the House of Commons at on 25 July 1941.
Mr Donald Somervell
, Crewe
I understand that it would not have the effect my hon. Friend says, though I am not disputing that the words might not cover the action he is suggesting. I understand that it would be the pledge—the owner—who would be directed to deliver the securities, and if he said it was difficult or impossible for him to do so owing to the fact that he had pledged them, that would be considered as a special pledge. Perhaps my hon. Friend will leave it at that for the moment, and may right hon. Friend will communicate with him as to how it is intended to deal with the class of case which he has in mind and which I quite agree is one that we wish to see properly dealt with.