§ MR. HARMOOD-BANNERTo ask Mr. Chancellor of the Exchequer if his attention has been called to the many companies registered in this country as limited the whole of whose business and transactions are conducted in the Colonies thus entailing upon Colonial shareholders the payment of double income-tax, first, upon the profits made in the Colonies to the Colonial authorities, and, second, upon the dividends paid in Great Britain to the authorities here; and whether, in view of the hindrance to the investment of Colonial capital in British limited companies in consequence, he will consider if any measures can be taken to remove the difficulty of double payment of income-tax.
(Answered by Mr. Lloyd-George.) As regards the general point raised by the Question, I may perhaps be allowed to refer the hon. Member to my Answer of 2nd November last to a Question by the hon. Member for Donegal, East. I should, however, be happy to investigate any particular case the hon. Member may have in mind.