HC Deb 17 February 1920 vol 125 cc681-90
9. Lieut.-Colonel W. GUINNESS

asked the Secretary of State for War whether any balances left by deceased soldiers who died intestate is invested in the War Office orphans savings bank at 2½ per cent.; and if he can explain why money is not allowed to accumulate for these orphans at a rate more in accordance with the interest which could be raised for trustee investments?

Sir A. WILLIAMSON

If the amount is sufficiently large, the share of a deceased soldier's estate belonging to his children is invested as stated. The question of obtaining a better rate of interest than is possible under the existing regulations is under consideration.

Lieut.-Colonel GUINNESS

And if it is not sufficiently large, what rate does he get?

Sir A. WILLIAMSON

The money is sent to the trustees.

Lieut.-Colonel GUINNESS

Is it not rather hard to penalise a large estate by giving it something less than one-half the market rate of interest?

Sir A. WILLIAMSON

I am inclined to agree with the hon. and gallant Gentleman, but the matter is under consideration.

    cc682-3
  1. MEDICAL HISTORY SHEETS. 288 words
    2. c683
  2. WOMEN EMPLOYED. 200 words
    3. cc683-4
  3. EDUCATION SCHEME (OFFICERS). 139 words
    4. c684
  4. RESERVE SERVICE (OFFICERS AND MEN). 213 words
    5. cc684-5
  5. TROOPS IN FRANCE. 350 words
    6. cc685-6
  6. SERVICE PENSIONERS. 109 words
    7. c686
  7. SHORT SERVICE. 160 words
    8. cc686-7
  8. NURSES. 109 words
    9. c687
  9. GERMAN RAILWAYS (BRITISH OFFICERS' LUGGAGE). 152 words
    10. cc687-8
  10. PAY WARRANTS. 140 words
    11. c688
  11. ROYAL ARMY SERVICE CORPS (FORAGE DEPARTMENT). 64 words
    12. c688
  12. DEMOBILISATION FURLOUGH (MEDICAL ATTENDANCE). 153 words
    13. cc688-9
  13. ARMY PAY DEPARTMENT. 200 words
    14. c689
  14. BLACK SEA ARMY. 86 words
    15. cc689-90
  15. INDIAN ARMY (WAR PRISONERS' ALLOWANCES). 293 words