HC Deb 19 August 1919 vol 119 c2153W
Mr. KILEY

asked the Secretary of State for War whether he is aware that under certain conditions moneys due to the estates of deceased soldiers distributed by the War Office under the law of intestacy are retained and invested in the orphans' savings bank of his Department, there to remain at 2 per cent. compound interest for the benefit of the children who are under age; and whether he is prepared to take such steps as may be necessary to secure the payment of 5 per cent. in such cases as it may be found desirable in the interests of orphan children to retain moneys until they reach the age of twenty-one or marry?

Mr. FORSTER

The present rate of interest is per cent. The question whether it is possible to increase the rate of interest is under consideration. The limiting age has been reduced from Twenty-one to eighteen.