§ SIR WILLIAM BULL (Hammersmith)I beg to ask Mr. Chancellor of the Exchequer if interest on Foreign Government securities, which is not payable in the United Kingdom but has to be sent abroad for payment, such as French rentes, Italian rentes, and Japanese internal loan, are not included in the schedule of foreign securities; and if, in consequence, British subjects resident abroad have a right to a refund of income-tax on such interest when paid into a banking account in the United Kingdom.
§ MR. ASQUITHI am not very clear what is meant by "interest which has to be sent abroad for payment," nor am I acquainted with any "schedule of foreign securities." The liability of a British subject domiciled abroad to income-tax upon dividends on investments depends on whether the dividends are, or are not, payable in the United Kingdom. If the hon. Member can give me a concrete instance of what he has in mind, I will make inquiry.