§ MR. GIBSONasked Mr. Chancellor of the Exchequer, Will Universities, Colleges, and Heads or Provosts of Colleges be liable to the tax on Corporate Property proposed in the Budget Resolutions, or are they intended to come within the exemptions?
§ MR. HIBBERT (for Mr. CHILDERS)The property of Universities and Colleges, and also of the Heads and Provosts of Colleges, so far as it is legally appropriated and applied exclusively for the promotion of education, will be exempt under the Bill before the House.