§ 72. Mr. ROSEasked the Chancellor of the Exchequer whether his attention has been called to the decision of Mr. Justice Rowlatt in the cases of the Commissioners of Inland Revenue v. John Blott, and the Commissioners of Inland Revenue v. Benjamin Isaac Greenwood, by which bonus shares issued out of profits are exempt from Super-tax; and whether the Treasury propose to accept this decision without appeal?
Mr. CHAMBERLAINMy attention has been called to this decision, against which the Commissioners of Inland Revenue propose to appeal.
§ Mr. ROSEMay I ask whether the right hon. Gentleman has considered, or will consider, consulting his legal advisers as to the propriety or possibility of introducing a short measure to legalise the issue of bonus shares?
Mr. CHAMBERLAINI certainly could not introduce legislation in order to decide in a particular way an issue which is now before the Courts.