HC Deb 29 October 1906 vol 163 c702
MR. RADFORD (Islington, E.)

I beg to ask the President of the Local Government Board whether his attention has I been called to the fact that the Islington Board of Guardians are precluded from stipulating with their bankers for payment of interest on their monthly balances if such balance at any time falls below £2,500; and whether he will take steps-to enable the guardians to stipulate for interest on their actual balance without any minimum limit.


The treasurer of the Islington Board of Guardians was appointed without salary, and was not bound to allow any interest on the balances of the moneys of the guardians in his hands. I understand that in fact he allows interest on the daily balances exceeding £2,500. The interest on any sum below this amount must be regarded as remuneration for the discharge of his duties, and the arrangement could not be altered without his consent.