HC Deb 01 July 1903 vol 124 c1024
MR. WILLIAM REDMOND (Clare, E.)

I beg to ask Mr. Chancellor of the Exchequer whether taxpayers who pay premiums to colonial life assurance companies are permitted to make any deduction whatever; and, if not, whether a change can be made in the interests of the colonies.

THE CHANCELLOR OF THE EXCHEQUER (Mr. RITCHIE,) Croydon

The answer to the first part of the Question is in the negative. The subject is regulated by legislation, and I have no power to interfere.

MR. WILLIAM REDMOND

Is the right hon. Gentleman aware that in consequence of this arrangement a great deal of business is put into foreign offices.

MR. RITCHIE

I do not know whether that is so, and I should doubt it; but in any case I have no power in the matter, as my action is entirely controlled by the law, which is against such a deduction as is desired by the hon. Member.

MR. GIBSON BOWLES (Lynn Regis)

Is not the law equally against deductions on premiums paid to foreign companies?

MR. RITCHIE

Yes.