§ MR. GEORGE ROBERTS (Norwich)I beg to ask Mr. Chancellor of the Exchequer if he will state under what provision of the law a registered trade union is exempted from income-tax, while an unregistered trade union is denied the same privilege.
§ MR. LLOYD-GEORGEThe invested funds of duly registered trade unions, applied in payment of provident benefits, are exempted from income-tax under the provisions of the Trade Union (Provident Funds) Act, 1893.