Post-war Credits

HC Deb 04 March 1952 vol 497 cc28-9W

52. Mr. Awbery

asked the Chancellor of the Exchequer to release post-war credits to persons who are desirous of using them for the purpose of making a deposit when purchasing a dwelling house under the Small Dwellings Acquisition Act.

Mr. R. A. Butler

I regret that I cannot anticipate my Budget Statement.

61. Mr. Colegate

asked the Chancellor of the Exchequer what is the practice of his Department in the event of the death of a person entitled, by reason of age, to immediate payment of a postwar credit in regard to the payment of the amount to which he was entitled to his estate.

Mr. R. A. Butler

If a post-war credit holder, having reached the qualifying age, makes an application for payment but dies before it is received, it is made to his estate. If no application was made, the legal personal representatives may have the post-war credits transferred to themselves or to any other person, but payment of the credit can be made only if the transfer is to a beneficiary of the estate, and then not until the beneficiary has reached the qualifying age.