§ Sir J. D. REESasked the Chancellor of the Exchequer whether, seeing that pension for which payment had been made by the recipient by way of compulsory deductions from his pay was practically on the same footing as periodical payments made on account of insurance, he would arrange that pensions earned by such payments should be deducted in calculating total income for Super-tax?
§ Mr. LLOYD GEORGEI cannot see my way to adopt my hon. Friend's suggestion.
§ Sir J. D. REESIn what respect do these deductions differ from payments on account of insurance?
§ Mr. LLOYD GEORGEThat is a very large question, which has been discussed many times in connection with Finance Bills.