§ 28. Mr. ANNAN BRYCEasked the Secretary to the Admiralty whether any and, if any, what facilities for subscribing to or participating in the War Loan have been provided to sailors on active service?
§ The PARLIAMENTARY SECRETARY to the ADMIRALTY (Dr. Macnamara)In July arrangements were made whereby officers and men of the Royal Navy were enabled to invest in the National War Loan. Amongst other particulars furnished, a leaflet was distributed indicating how investments might be made. I will send my hon. Friend a copy of this leaflet. For the purposes of these investments we have adopted the system of remittances which is already familiar in the Fleet as a method of sending money to relatives and friends, etc. Under this system the actual cash may be lodged with the Paymaster, or he may be authorised to make a deduction from the balance of pay due. In either case a list of the amounts to be invested is then sent to the Admiralty and is passed on to the General Post Office, together with a bill for the total amount of the list. Arrangements have been made for the vouchers representing the amounts invested to be retained for safe custody by the Postmaster-General for the duration 559 of the War, unless the investor expresses a wish to the contrary. An acknowledgment of the receipt of the total amount of each remittance list is forwarded by the General Post Office to the Paymaster concerned.