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Wives' Savings Certificates

Volume 393: debated on Tuesday 9 November 1943

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63.

asked the Chancellor of the Exchequer whether he will take steps to ensure that War Savings Certificates purchased by a wife out of savings from her housekeeping money shall remain her property?

As regards the position of Savings Certificates, I would refer the hon. Member to the reply given by my predecessor on 18th May last to the hon. Member for West Fulham (Dr. Summerskill). I would also refer to the reply given last Wednesday by my right hon. and learned Friend the Attorney-General to the same hon. Member on the general question of a wife's savings.

As I have not these answers in my mind, can the Chancellor of the Exchequer say, in answer to the Question, whether it is possible for a wife's savings in War Savings Certificates to be taken by the husband?

The effect of the answer to which I referred the hon. Member was that the amount represented by War Savings Certificates can only be withdrawn by application in writing by the registered owner.

Is it a fact that the policy of the Exchequer is to disregard the source of the savings and only to have regard to the final avenue through which these savings are directed?