§ 53. Captain BAGLEYasked the Prime Minister whether he is aware that the present old age pensions of 7s. 6d. is the 1559 equivalent in purchasing power of less than 3s. 7½d. before the War; that, in effect, the old age pensioner is being compelled to contribute over one quarter of his pre-war income towards the cost of the War; and whether the Government intend taking early action to transfer this burden to the shoulders of those better able to bear it
§ Mr. BALDWIN (Joint Financial Secretary to the Treasury)I would refer the hon. and gallant Member to the answer given to the hon. Member for Barnard Castle on the 26th ultimo.