§ MR. PACKEbegged to ask the Chancellor of the Exchequer, having his assurance that the income tax shall cease at the end of seven years, whether he would have any objection to give an option to compound for the future payment of the tax, by payment in one sum, or by instalments?
§ The CHANCELLOR OF THE EXCHEQUERwas quite willing to promise to take this matter into consideration. He should be very glad if the arrangement suggested could be carried out; but he was afraid, with reference to so long a period as seven years, there would be considerable difficulty. He hoped, therefore, the hon. Gentleman would not interpret his reply into giving any pledge on the subject.