§ 61. Mr. CURRIEasked the Chanceller of the Exchequer whether arrangements have now been made whereby War Loan coupons can be cashed on presentation at any bank office in Scotland without commission, charge, or delay?
§ The CHANCELLOR of the EXCHEQUER (Mr. McKenna)I am glad to have this opportunity of stating that the Scottish bankers have informed me that in future they will make no charge for the collection of coupons on bonds of British Government war issues. As regards delay, it is essential that coupons should be submitted to examination before being cashed, and this necessarily involves an interval of a few days between presentation and encashment. Holders would benefit themselves and help the authorities responsible for cashing coupons if they would make a point of presenting the coupons a few days before the date on which they actually fall due.