HC Deb 12 July 1916 vol 84 c502

The Treasury may direct that any Exchequer Bonds issued under their authority during the continuance of the present War and a period of six months thereafter shall be issued subject to the condition that the interest on those bonds shall be paid without deduction of Income Tax, and the interest shall be so paid accordingly; but any such interest shall be accounted for and charged to Income Tax under the third case of Schedule D, subject, however, to any provisions of the Income Tax Acts with respect to exemptions or abatements.

Amendment made: After the word "issued" ["issued subject to the condition"], insert the words "or shall be deemed to have been issued."—[Mr. McKenna.]


I beg to move,

"That the Bill be recommitted to a Committee of the Whole House for Tomorrow in respect of Clause 33 and of new Clauses moved by the Government and relating to

The limitation of relief from Income Tax in respect of insurance premiums;

Income Tax relief on war insurance premiums;

Amendments of law with respect to Income Tax on woodlands; and

The repayment of Income Tax on sums deducted from profits under the Munitions of War Act, 1915."

The remaining Orders were read and postponed.

It being after half-past Eleven of the clock, Mr. SPEAKER adjourned the House without Question put, pursuant to the Standing Order.

Adjourned at Eighteen minutes before Twelve o'clock.