§
Resolved—
That where a deduction has been made from the assessment of premises used for trade under Section 35 of the Finance Act, 1894, the amount which may be authorised to be deducted, as being the annual value of such premises, in estimating the amount of profits or gains chargeable to income tax under Schedule D of the Income Tax Act, 1853, shall be such reduced amount."—(Mr. Chancellor of the Exchequer.)