§ 54. Sir H. Lucas-Toothasked the Chancellor of the Exchequer what consideration he has given to the cheque systems and giros operated in various countries, with a view to avoiding the need for drawing large sums of cash for the payment of wages; and if he is proposing to take the necessary steps to introduce some such system here.
Mr. MacmillanThe Payment of Wages Act, 1960, provides that where both worker and employer agree, wages may be paid by direct transfer to the worker's bank account by cheque, postal order or money order. The payment of wages by cheque became lawful under the Act on 1st March, 1963. On the giro system, I would refer my hon. Friend to the speech of my hon. Friend the Assistant Postmaster-General in the Adjournment debate on 4th March, 1963.