§ 14. Mr. JANNERasked the Home Secretary whether any and, if so, what steps have been taken to safeguard the moneys contributed to sharing-out clubs and similar associations, particularly in view of the approaching time for the distribution of their funds by such associations?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Duff Cooper)I have been asked to reply. This matter has been considered on many occasions but it has not been possible to find any practicable scheme of compulsory control. I would, however, draw the hon. Member's attention to the scheme for "national savings clubs" announced to-day by the National Savings Movement. This scheme is designed to provide a sound basis of management for any kind of "share out" club and sets out simple model rules for adoption by any club which so desires.
§ Mr. JANNERWill the hon. Member take steps to see that this information is circulated as widely as possible?
§ Mr. COOPERI will certainly see what can be done.
§ Captain PETER MACDONALDWill this new scheme come into operation in time for this Christmas?
§ Mr. COOPERIt is open to anyone now to join the National Savings Clubs.