Surely on the E & W birth certificates, pre 1969 if there are names in the space under the column heading "Name, if any" they are legally the given names, even if they may well be surnames within the family.
May I also suggest that the baby does not actually have a surname, and even if the name of the father is provided and even if the father is the informant, that is not where we should anticipate finding baby's surname.
Surely pre 1969, E & W births have the baby's surname coming directly from the column "Name and Maiden Surname of the Mother". So in the example that Sloe Gin has provided, baby George gains his surname from the name his mother was recorded as .... Mary Ann READ. Yes, George's dad was James READ but that's not why George would likely be George READ.
I can assure you that in New South Wales, Australia until 1969, baby's birth registrations had no provision for a separate column giving a surname for baby. I can further assure you that among my retired ancient living rellies are former senior officers of NSW BDM. They assure me that no one ever believes them BUT they know a child's surname comes from the surname that MUM was known by. If a married women in that era, she was likely known by the surname of her husband. NSW inherited that habit from .... England & Wales, and not from Scotland.
JM