§ 73. Mr. Groves
asked the Financial Secretary to the Treasury whether he has considered the copies sent to him of the resolution passed by the Finchley local pension committee, and supported by the West Ham Council at its January meeting, calling attention to the fact that the Old Age Pensions Act, 1936, provides only for the consolidation of existing Acts, and makes no provision to amend the rates upon which calculation is made of the annual income for pension purposes; and whether, in view of the present low rate of interest obtainable upon investments, he will consider the introduction of legislation at an early date to remove this anomaly?
§ Lieut.-Colonel Colville
I have seen and considered the resolution to which the hon. Member refers. As regards the second part of the question, I would refer him to the answer which I gave on 5th November last to the hon. Baronet the Member for Ealing (Sir F. Sanderson).