Clause 2. — (Capital Expenditure for Purposes of Post Office Savings Bank Not to Be Paid Out of Post Office Savings Bank Fund.)

Part of Orders of the Day — Post Office and Telegraph (Money) Bill – in the House of Commons at 12:00 am on 13th June 1952.

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Photo of Mr Reginald Paget Mr Reginald Paget , Northampton 12:00 am, 13th June 1952

I am very sorry that I have not been successful in carrying the Minister with me in my arguments because that is rather where we started. If the Assistant Postmaster-General will look at Clause 2 (1), he will see that it is stated that For the purposes of any enactment relating to expenses incurred in the execution of the enactments relating to the Post Office Savings Bank, any capital expenditure incurred after the passing of this Act for the purposes of the Post Office Savings Bank shall be deemed not to have been incurred in the execution of the said enactments. Those are the enactments which I have been reading. If this expenditure is not incurred in pursuance of those enactments, it rests where it started, namely, on the Post Office. It only parts from the Post Office when it is in pursuance of the enactments, and the provision is that the liability in respect of this expenditure remains with the Post Office