HC Deb 07 December 1948 vol 459 cc24-5W
51. Mr. Price-White

asked the Chancellor of the Exchequer what is the procedure for the payment of post-war credits accrued due for payment to a person who has failed to draw his cash value before decease; and what are the arrangements for payments to be made in such cases to the executors or next of kin of those entitled to payment at the date of their death.

Sir S. Cripps

Post-war credits are payable at present, under Section 26 of the Finance Act, 1946, and Section 16 of the Finance Act, 1947, only in the case of men over 65 and women over 60 who have claimed payment from the Revenue in accordance with those Sections. Executors cannot claim payment, but beneficiaries who are entitled to the deceased person's credits can claim payment when they themselves reach the qualifying age.

61. Sir G. Jeffreys

asked the Chancellor of the Exchequer whether he is aware of the hardship caused in the case of the death a short time before the due date for repayment of the holder of post-war credit certificates when the person to whom they pass is considerably younger, so that the certificates cannot be realised for many years; and will he consider measures to ensure fairer conditions for the repayment of these certificates.

Sir S. Cripps

I cannot anticipate my Budget statement.