§ Mr. Summers
asked the Minister of Health what are the conditions under which public assistance authorities need not have regard to capital assets, which normally they disregard or from which a notional income is assumed to be derived?
§ Mr. E. Brown
It is lawful but not compulsory for a public assistance authority in granting outdoor relief to observe the rule relating to capital assets, which, as it applies from 1st November, 1943, is in the following formAll money and investments treated as capital assets and taken into account shall
- (i) in so far as the value of all such money and investments considered in the aggregate does not exceed £25, be disregarded; and
- (ii) in so far as that value exceeds £25 but does not exceed £400, be treated as equivalent to a weekly income of 6d. for every complete £25."