HC Deb 17 July 1918 vol 108 c1069W
Captain D. HALL

asked the Postmaster-General under what circumstances he transfers War Savings Certificates; if any transfers, except between members of the same family, are sanctioned; if any transfers have, except between members of the same family, been sanctioned; and if he has refused to transfer any certificates, preferring to cash them rather than to transfer them?

Mr. ILLINGWORTH

Transfers, except between members of the same family, are only authorised in exceptional cases—e.g., where the limit of numbers has been inadvertently exceeded. War Savings Certificates are issued under specially advantageous conditions as regards interest and exemption from Income Tax, and they are not intended to be marketable securities