§ Section sixty-eight of the Finance (1909‒10) Act, 1910 (which gives to individuals whose total income does not exceed five hundred pounds relief from Income Tax in respect of children), shall, as amended by any subsequent Act, have effect as if seven hundred pounds were substituted, as the limit of income, for five hundred pounds.—[Mr. McKenna.]
§ Clause brought up and read the first time.
666§ Mr. MONTAGUI beg to move, "That the Clause be read a second time."
This is to redeem the promise which was made by the Chancellor of the Exchequer in the Debate on the Income Tax that we would raise the limit for abatement for children from £500 to £700, so that anyone with an income of under £700 will be able to get what is known now as the children's allowance.
§ Clause read a second time, and added to the Bill.