§ MR. ALDERMAN SALOMONSsaid, he would beg to ask Mr. Chancellor of the Exchequer, Whether, with regard to Benefit Societies, the sum at which mortgages would be taxable under the Inland Revenue Act would be £200 or £500?
§ THE CHANCELLOR OF THE EXCHEQUERsaid, in reply, that the effect of the Inland Revenue Act would take away the exemptions from taxation of loans by Benefit Societies to strangers, but the exemption would be continued in favour of advances not exceeding £500 made by those Societies to their own members.