HC Deb 25 May 1944 vol 400 cc944-5W
Mr. Pethick-Lawrence

asked the Financial Secretary of the Treasury what are the funds the investment of which is administered by the National Debt Commissioners.

Mr. Assheton

(1) The National Debt Commissioners administer the investments of the following Funds or Accounts:

  • Fund for the Banks for Savings {Trustee Savings Banks).
  • Post Office Savings Banks Fund.
  • Fund for Friendly Societies.
  • National Health Insurance—8 accounts, viz.:
    • National Health Insurance (England) Investment Account.
    • National Health Insurance (Wales) Investment Account.
    • National Health Insurance (Scotland) Investment Account.
    • National Health Insurance (Northern
    • Ireland) Investment Account. National Health Insurance Central Fund.
    • Unemployment Arrears Investment Account.
    • Approved Societies Guarantee Fund Investment Account.
    • Approved Societies Guarantee Fund (Northern Ireland) Investment Account.
  • Unemployment Fund Investment Account. Widows and Orphans and Old Age Contributory Pensions—2 Accounts, viz.:
    • Treasury Pension Investment Account.
    • Treasury Special Pensions Investment Account.
  • Supreme Court (Deposit and Exchange Account).
  • County Court Funds Investment Account.
  • 945
  • Crown Lands Account.
  • Posi, Office Fund
  • Benefit Branch of the Royal Irish Constabulary Force Fund.
  • Naval Savings Banks Account.
  • Naval Savings Banks (Surplus) Trust Fund.
  • Ministry of Pensions Investment Account.
  • Civilian Masters Dartmouth College Account.
  • Scientific and Industrial Research Fund.
  • Paymaster General's Deposit Account.
  • Scottish Teachers' Superannuation Fund,
  • Unclaimed Dividends Account.
  • Unclaimed Redemption Moneys Account.
  • Local Loans Fund.
  • Irish Land Purchase Fund.
  • Sinking Fund under the Purchase of Land (Ireland) Act, 1891.
  • War Loan Scrip Certificates and Vouchers Account.

(2) In addition the Commissioners invest in the purchase of securities for cancellation all moneys becoming available on the following accounts:

  • Donations and Bequests Account.
  • Life Annuities.
  • Savings Banks Life Annuities.
  • Terms of Years Annuities.
  • Land Tax Redemption Moneys.
  • Surplus Land Tax.
  • Victory Bonds Redemption Account.
  • 4 per cent. Funding Loan Redemption Account.
  • 3 per cent. Funding Loan Redemption Account.
  • 3 per cent. Redemption Stock Sinking Fund Account.
  • Conversion Loan Redemption Account. Death Duties Surrendered Securities Account.
  • 1855 Ottoman Guaranteed Loan Investment Account.
  • Cash Account, through which are applied to reduction of debt moneys received from various sources, e.g.:
    • Repayments under British Shipping (Assistance) Act, 1935.
    • County Court Funds—Unclaimed Balances.
    • Composition for Stamp Duty.
    • Unclaimed Dividends, Court of Bankruptcy, Northern Ireland Sale of Foreshores.

(3) In the following cases, the Commissioners hold securities under statutory provisions, but they have no administrative powers:

  • Unclaimed Stock Account.
  • Post Office Register Account.