HC Deb 15 November 1945 vol 415 cc2511-2W
Captain Crowder

asked the President of the Board of Trade whether individuals who apply for the immediate settlement of their claims under the War Damage (Chattels) Act, on grounds of serious financial hardship, have to forfeit the 2½ per cent. interest to which they would be entitled if they waited until general payment is made of all outstanding claims.

Sir S. Cripps

The War Damage Act, 1943, makes no provision for the payment of interest on any amounts paid before the dates yet to be specified in Treasury Regulations for the general payment of claims. Any alteration of practice would consequently require an amending Act and this is not practicable in present circumstances, but the matter will be kept under review.