Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 23 Mehefin 1964.
asked the Chancellor of the Exchequer if he will take steps to revive the machinery of post-war credits to collect sums from young people under 20 to be held for them until they are either 25 or are getting married, whichever is the earlier, in view of the fact that they are earning money which they do not know how to spend.
No, Sir.
Why, Sir?
Well, Sir, we do not believe that this is the correct way of getting young people to save.
Is not the proposal in the Question a gross infringement of private rights and are not the vast majority of young people perfectly responsible?