§ MR. DAVID MORGAN (Essex, Walthamstow)I beg to ask Mr. Chancellor of the Exchequer if it is his intention to assess for Income Tax profits on all contracts concluded in the United Kingdom by agents and brokers for account of houses abroad and in the Colonies; and whether, in view of this, the Inland Revenue are asking from agents and brokers in London statements as to the gross aggregate sales of each year since 1897 made by them for and on behalf of firms Abroad and in the Colonies.
§ SIR M. HICKS BEACHSuch profits are chargeable by law to Income Tax, on the average profit of three years, and the agents are required to render Returns.