§ MR. CALDWELL (Glasgow, St. Rollox)I beg to ask the Chancellor of the Exchequer whether he would propose an alteration of the law whereby all Limited Liability, Joint Stock, Civil Service, and Co-operative Societies would be treated as units for purposes of taxation without rebate to individual members?
§ *MR. GOSCHENNo, Sir; I should not be prepared to propose an alteration of the law which would practically involve that persons with a less income than £150 should pay Income Tax. That is not a policy which I should be prepared to endorse.