§ 65. Mr. W. GRAHAMasked the Minister of Pensions whether in considering the general circumstances of applicants for parents' need pensions, the capital value of any resources are taken into account rather than the annual yield in income; whether he is aware that this is contrary to the practice in other spheres, e.g., in reckoning income for old age pension purposes; whether he is aware that many pensions have been refused until such capital sums are exhausted and the applicants reduced to want: and whether he will give instructions for a better system to be introduced?
§ Major TRYONThe answer to the first part of the question is in the negative. My hon. Friend appears to be under a misapprehension. Where capital is invested, the actual yield is taken, and where it is uninvested the annual income is estimated at 5 per cent. I shall be glad to inquire into any particular case my hon. Friend has in mind.