HC Deb 05 December 1939 vol 355 cc493-4W
Mr. Kennedy

asked the Minister of Labour whether workers who invest their savings in national savings certificates will have such investment taken into account in the event of their becoming subject to the means test through unemployment?

Mr. E. Brown

I would refer the hon. Member to the provisions of Section 38 (3, d) of the Unemployment Act, 1934, which sets out the manner in which the Unemployment Assistance Board are required to deal with capital assets. The hon. Member will see that under the provisions of the Act capital assets of not more than £300 value are given substantial protection, and in particular are ignored entirely if they amount in total to less than £50.