§ 55. Mr. Elwyn Jonesasked the Attorney-General whether he is satisfied that the present financial arrangements regarding money paid into court for the benefit of widows or infants ensures in every case that on the date when the money is taken out of court, the beneficiary receives at least the full amount of the capital sum paid in; and if he will make a statement.
§ The Attorney-GeneralThe position differs according to whether the money is paid into the High Court or the county court. In the High Court, the money is invested in Government securities so that the amount taken out of court depends on the current market price of the investment. In the county court, the money is transferred to an investment account carrying a fixed rate of interest and ensuring capital security. Widows' and infants' funds paid into the Queen's Bench Division of the High Court are normally6W transferred to the county court unless the beneficiary, having had the risks explained, expressly asks for the money to be retained in the High Court and invested.