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National Fund

Question for Attorney General

UIN 186228, tabled on 31 October 2018

To ask the Attorney General, pursuant to the Answer of 23rd July 2018 to Question 165033 on the National Fund, whether he has received a hearing date from the High Court on his application to release the money held by the National Fund.

Answered on

5 November 2018

The National Fund was set up by a trust deed in 1928. The Fund is held on trust for the purpose of reducing the National Debt. According to expert evidence, there is no realistic prospect of the Fund ever amounting to a sum sufficient to pay off the whole of the National Debt. On 22nd May 2018 the former Attorney General made an application to the High Court to vary the terms of the charitable trust.

While we expect the substantive hearing to take place in 2019, we have not yet received a hearing date from the High Court.

Answered by

Attorney General
Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.