§ SIR J. RANKIN (Herefordshire, Leominster)I beg to ask Mr. Chancellor of the Exchequer whether, in the case of a friendly society whose income was under £160 per annum and which 974 was in possession of land as mortgagee in possession, the land tax on such land ought to be remitted under section 12 of Finance Act, 1898.
§ THE CHANCELLOR OF THE EXCHEQUERI am advised that a friendly society which in any financial year establishes a claim to exemption from income tax by reason of its income not exceeding £160 is entitled, under section 12 of the Finance Act, 1898, to claim that land tax shall not be collected in that year on land of which it is in possession as mortgagee in possession.