§ Miss Quennellasked the Chancellor of the Exchequer what is the policy of Her Majesty's Government with regard to the repayment of post-war credits irrespective of the age of those holding the credits; and whether Her Majesty's Government will allow outstanding credits to be transferred to other funds where interest can be paid or accumulated in the normal way.
§ Mr. MacDermotI have no statement to make at present on the first part of the hon. Lady's Question. In reply to the second part, I would remind her that compound interest at 2½ per cent. per annum has been accruing on unpaid credits since 1st October, 1959.