§ MR. C. S. READ
asked Mr. Chancellor of the Exchequer, Whether in his reply to a Resolution of the Central Chamber of Agriculture, his statement that the tenant farmers would this year be relieved by the reduction of the Income tax to the extent of £150,000, he included the allowance of £80 that will be made in respect of all incomes under £300; and, whether he can state the amount previously allowed under Schedule B by the deduction of £60 from incomes of £200 a-year?
§ THE CHANCELLOR OF THE EXCHEQUER
said, that his answer made to the Central Chamber of Agriculture that the tenant-farmers would this year be relieved by the reduction of the income tax to the extent of £150,000, did not include the allowance of £80 that would be made in respect of all incomes under £300, and that somewhat about £10,000 ought to be added on that account. He found that when the income tax was at 5d. the relief given in that way was about £10,000, and that was the last Return to which he could get access.