§ MR. COGAN (Wicklow, E)I beg to ask Mr. Chancellor of the Exchequer whether the Army and Navy Co-operative Society, Limited, the Junior Army and Navy Co-operative Society, Limited, the Civil Service Co-operative Society, and other trading wholesale and retail co-operative societies throughout the United Kingdom, are assessed to Income Tax in the same manner as other trading companies and individuals are assessed.
§ THE CHANCELLOR OF THE EXCHEQUER (Sir M. Hicks Beach,) Bristol, W.I will send the hon. 281 Member a printed statement, which explains the law on this point. I may, however, mention that the general impression that these societies are exempt from Income Tax is erroneous.