HC Deb 18 May 1909 vol 5 c212
Mr. O'SHAUGHNESSY

Can the right hon. Gentleman say whether, in estimating the income of applicants for old age pensions, the actual interest received on money deposited in banks will be calculated, as in the case of money invested, and not at the rate of 4 per cent.?

Mr. LLOYD - GEORGE

Money deposited in a bank and bearing interest is regarded as invested, and the interest actually received there from is taken as income for old age pension purposes.