§ MR. WHALLEYsaid, he would beg to ask the Secretary of State for the Home Department, Whether it is his intention to introduce a Bill for renewal of the Act 3 & 4 Vict., c. 89, exempting the profits of Stock-in-Trade, and other property liable by law to be Taxed for Relief of the Poor, from being so taxed; and, if so, whether such Bill will be introduced at such a period of the Session as to admit of inquiry by a Select Committee as to the grounds for such exemption, either in connection with any inquiry which will be ordered as to the assessment of the Income Tax under Schedule D, or otherwise?
SIR GEORGE LEWISsaid, the Act of 3 & 4 Vict., c. 89, by which Stock-in-Trade was exempted from rating, by an Act of last Session, c. 44, had been continued until the 1st of October, 1862, and the end of the following Session. It was not his intention, therefore, to introduce a measure this Session to continue that Act.