§ Mr. ODDY
asked the Chancellor of the Exchequer whether friendly societies who register amendments of rules to include benefits under Section 3 of the Friendly Societies Act, 1908, will still be free from Income Tax?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Hobhouse)
Under the existing law the answer is in the negative, but my right hon. Friend has placed on the Paper a Clause which will exempt from Income Tax registered friendly societies entitled to avail themselves of the increase of limitation granted by Section 3 of the Friendly Societies Act, 1908.