§ MR. POLLARD-URQUHARTsaid, he would beg to ask Mr. Chancellor of the Exchequer, Whether persons who shall be liable to the payment of any rent, or any yearly interest of money, or any annuity or annual payment, either as a charge on any property, or as a personal debt or obligation, by virtue of any contract which shall be payable half-yearly, or at any shorter or more distant periods, shall be entitled and authorized on making such payment between the 1st of April 1869, and the 1st of January 1870, to deduct therefrom the amount payable under the Income and Property Tax of the present year; and, if such person is not authorized to make such deduction, what deduction he is authorized to make from the first of such charges payable in shorter than annual periods he may pay after the 1st of January 1870?
§ MR. STANSFELDreplied that income tax under such circumstances could be deducted immediately after it had been paid, but not before.