§ MR. BAILY (Liverpool, Exchange)asked Mr. Chancellor of the Exchequer, Why the Commissioners of Income Tax assume as the depreciation on iron sailing ships belonging to Liverpool three per cent. on their value, whilst on all similar ships belonging to other ports it is taken at five per cent.?
§ THE CHANCELLOR OF THE EXCHEQUER (Sir WILLIAM HARCOURT) (Derby)The question is entirely at the discretion of the local Commissioners. It is one in which the Government do not interfere. There is every reason to believe that the Commissioners at Liverpool are competent to determine a question of that kind.