War damage act 1943 (part 2). Private chattels scheme

War damage act 1943 (part 2). Private chattels scheme

States that the government has decided to pay all deferred private chattels as soon as possible in next financial year to include the amount claimed, interest and a supplementary payment where applicable. Goes on to provide details. Payment aimed at July 1947.

One-page typewritten document

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MHowardI19250926-170330-10

PCS/15.

[underlined] WAR DAMAGE ACT, 1943 (PART II). [/underlined]

[underlined] PRIVATE CHATTELS SCHEME. [/underlined]

1. The Government have decided to pay all deferred private chattels claims as soon as possible in the next financial year. The date of general payment aimed at is July, 1947.

The payment will consist of

(a) the amount of the claim if deferred;

(b) the interest thereon, less income tax;

(c) a supplementary payment, where applicable.

2. Interest will be paid on the amount deferred at the rate of 2 1/2 per cent. per annum, simple interest. Interest accrues on that sum from the date of the loss to the date of general payment. Interest will [underlined] not [/underlined] be paid on advances made before the date of general payment.

3. Income tax at the standard rate in force at the date of general payment will be deducte [sic] from the interest, and a tax certificate will be sent with the payment. This certificate will enable those claimants who are not liable to tax at the standard rate to apply to their Tax Office for a refund of the tax in whole or part.

4. Supplementary payments will be made only in the case of claims for war damage which occurred before the end of 1941, which were not wholly paid off before the end of that year, and which were assessed at more than £25 but less than £1,200.

5. The supplementary payments will be calculated on the amount of the assessment and will be as follows :-

Assessments exceeding £25 but not exceeding £350: 50 per cent of the assessment.

Assessments exceeding £350 but not exceeding £762 10s.0d: a flat increase of £175

Assessments exceeding £762 10s.0d. but not exceeding £1,200: two-fifths of the difference between the assessment and £1,200 (e.g. an assessment of £1,000 will be increased by 2/5 x £200 = £80).

6. The supplementary payments will be made at the time of general payment next July in the case of claims which then remain deferred in whole or in part. In other cases (i.e. where the claim has by them already been paid in full on grounds of undue hardship) the supplementary payments, where due, will be made as soon as practicable after the date of general payment next July – it is hoped, before the end of 1947.

7. In view of the heavy pressure of work which will fall on the Department in consequence of the Government decision, claimants are asked not to apply for advances on grounds of undue hardship unless the money is really essential to tide them over the next few months. Applicants are reminded that interest is not payable on advances made under the Private Chattels Scheme.

8. After the end of 1946 no further applications made under the Private Chattels Scheme will be considered unless the claimant can show that he has been prevented by circumstances not under his control from lodging his claim.

Board of Trade,

Insurance and Companies Department,

October, 1946.