HC Deb 11 February 1941 vol 368 c1234W
Sir R. Tasker

asked the Chancellor of the Exchequer whether he is aware that the Post Office insist upon trustees and the beneficiary signing declaration before permitting the purchase of War Savings Certificates; that the difficulty of obtaining signature of a beneficiary in Tasmania is such that investment in War Savings Certificates will he prevented by the attitude of the Post Office authorities; and will he reconsider this decision?

Sir K. Wood

In view of the limit upon the individual holding of Savings Certificates, the Post Office requires to be informed at the time of a purchase by a trustee of the name of the beneficiary. Under the Regulations the account is then dealt with as a joint holding by the trustee and the beneficiary and the Post Office accordingly requires to be furnished with specimen signatures of the parties. I would, however, point out that these requirements do not prevent, and need not delay, the purchase of Certificates by trustees on behalf of beneficiaries resident in the sterling area. Where a signature cannot conveniently be given at the time of purchase, arrangements are made to obtain the signature at a later date.