The Secretary to the Treasury has forwarded the following memorandum for advice:
The Hon. A., his wife B., and Captain C., were the holders, at the time of the passing of the above Act, of certain 3 interminable Inscribed Stock issued by the States of Victoria and New South Wales.
The solicitors for the persons named have taken objection to the conversion of this Stock on the ground that the Stock was issued long before Federation, and have threatened litigation in the matter.