§ SIR HENRY TYLERasked Mr. Chancellor of the Exchequer, Whether the Duty of five per cent, on the "Property of Corporations, &c." proposed in Clause 5 of the Resolutions of Ways and Means, is intended to apply to Life Insurance Companies, or to Scientific Societies, such as the Royal Society, Royal Institution, or the Zoological Society?
§ MR. HIBBERT,in the absence of the Chancellor of the Exchequer, said: The property of Life Insurance Companies will not be liable to the proposed duty; that of Scientific Societies will also be exempt as a general rule, subject to the liability to making good the claim to exemption.
§ MR. R. H. PAGETasked whether the hon. Member would lay on the Table a Return of the Societies to be exempted?
§ MR. HIBBERTsuggested that the hon. Member should have waited until he had seen the Bill, which would be in the hands of hon. Members on Monday at latest, and which would give ample explanation.