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Post-War Credits

Volume 476: debated on Tuesday 20 June 1950

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70.

asked the Chancellor of the Exchequer what is the practice of his Department as regards the repayment of a post-war credit in a case where a man who has reached the age of 65, and is entitled to claim repayment of his post-war credit, does not do so, but makes a will leaving the post-war credit to an educational institution, such as a college.

On the request of the legal personal representatives, the Inland Revenue Department will issue new post-war credit certificates in the name of the educational institution. As the law stands at present, payment to the institution cannot be made until a date for the general release of post-war credits is fixed.