HC Deb 14 March 1951 vol 485 c1520
16. Mr. Turton

asked the Postmast-General whether in view of the continuous rise in the cost of living, he will amend the Savings Certificates statutory regulations so as to provide that parents or guardians may obtain repayment of National Savings certificates held by children under seven years of age.

Mr. Hobson

I would refer the hon. Member to the reply given by my right hon. Friend the Chancellor of the Exchequer to the hon. and learned Member for Richmond (Sir G. Harvie-Watt) on 6th March.

Mr. Turton

While this matter is being examined between the two Departments, will the hon. Gentleman exercise the special discretion which he possesses and authorise repayment in all cases where the continued rise in the cost of living is causing hardship?

Mr. Hobson

In view of my right hon. Friend's reply last week, I cannot give that assurance.

Mr. Turton

Surely, quite apart from that point, the hon. Gentleman has a discretion under the existing regulations. Is he or is he not going to exercise that discretion?

Mr. Hobson

I cannot give an answer until the matter has been decided by the Government.