HC Deb 21 July 1960 vol 627 cc63-4W
Mr. Ridsdale

asked the Attorney-General whether he is aware that money invested in accordance with County Court Funds Rules is held by the National Debt Commissioners and receives a rate of 4 per cent. interest; and, in view of the consequences of this policy, particularly for widows, if, while considering the Report of the Committee on Funds in Court, he will give special attention to the need to give wider powers of investment so as to take advantage of the higher rates of interest at present available.

The Attorney-General

Yes, but it should be borne in mind that no brokerage or management charges are made and that the principal is guaranteed. In answer to the second part of the Question, the Committee on Funds in Court gave special consideration to the rates of interest available to beneficiaries, including widows, and their recommendations are being carefully studied.