§ LORD STANLEY OF ALDERLEYmoved, That the Bill be now read 2a.
§ LORD REDESDALEsaid, he thought that the interests of the infant depositors were not sufficiently protected by the Act. As it stood at present, the deposits of children over seven years of age could be transferred from the old savings banks to the Post Office savings banks, and afterwards withdrawn by their parents and guardians. He thought, that considering the class of persons who would make use of these banks, there would often be a disposition on the part of the parent or guardian to withdraw the money of the child, rather than allow it to accumulate.
§ LORD STANLEY OF ALDERLEYsaid, that the transfer of such monies must be made with the consent of the Postmaster General and two trustees of the old savings banks. He did not therefore think that the objection of the noble Lord was of any force; but the subject could be considered in Committee.
§ Motion agreed to; Bill read 2a accordingly, and committed to a Committee of the Whole House on Thursday next.