MR. CHARLES MACVEIGH (Donegal, E.)I beg to ask Mr. Chancellor of the Exchequer whether he is aware that income-tax is charged here on money drawn from a current account in a bank in a Brinish Colony, but is not charged 1692 on capital; and whether he will state when and where such moneys become capital and where and when such moneys cease to be capital.
§ MR. LLOYD-GEORGEThe question whether remittances from a Colony are to be regarded as remittances of profits or of capital is a question of fact, which in any case of doubt would be decided on appeal by the District Commissioners of Taxes.