HC Deb 28 October 1946 vol 428 cc293-4
87. Sir I. Fraser

asked the Chancellor of the Exchequer what surplus there is in the War Damage Fund for houses, chattels and businesses, respectively.

The Parliamentary Secretary to the Treasury (Mr. William Whiteley)

I have been asked to reply. There is no War Damage Fund, and no surplus. Payments already made exceeded receipts by nearly £150 million at the beginning of this financial year, while a sum of several hundred million pounds will have to be met for deferred payments, and outstanding claims. I am circulating a detailed statement in the OFFICIAL REPORT.

Following is the statement:

The total contributions and premiums received and the total compensation payments made under the War Damage Act, 1943, up to the 31st Mar, 1946, were:

Receipts. Payments.
£ £
Under Part 1 190,800,000 347,500,000
Under the Business Scheme. 76,800,000 25,500,000
Under the Private Chattels Scheme. 15,800,000 57,600,000
Totals 283,400,000 430,600,000

The above payments under the Business and Private Chattels Schemes represent advances made on special grounds: the general discharge of payments under these schemes is deferred under the Act until dates to be fixed by the Treasury. Value payments under Part I are similarly deferred, and many cost of works claims are also outstanding where the repairs have not yet been completed. The total of these outstanding liabilities cannot be precisely estimated, but will amount to several hundred million pounds. 1945 was the last year for which contributions and premiums were levied.