Mr. NEWDEGATEasked the Chancellor of the Exchequer, whether he will make arrangements that royalty owners shall only pay the Royalty Tax on the net amount of royalty income that they receive after making those necessary deductions for collection, etc., which are allowed in the case of other classes of taxpayers?
§ Mr. HOBHOUSEMy right hon. Friend is not prepared to make any alteration in the principle of the tax.