Note 108 — Chapter V

Mr. Boodle was for allowing part of the money to be otherwise invested than with Government. He suggested land drainage. Mr. Sturrock and Mr. Sikes were for keeping one-third of the money in the hands of trustees, to be invested in freehold securities of unquestionable character, or in railway debentures. Mr. Deaker, Mr. Jameson, and Mr. Finney agreed. Lord Monteagle was driven to the conclusion of saying that in investing Savings Bank deposits, you ought to deal in State securities and nothing else. The opinion of the Committee on the subject may of course be gathered from the digest of their report already given.