HC Deb 01 May 1919 vol 115 c317
57. Colonel BURN

asked the Chancellor of the Exchequer whether the penal tax of 2s. in the £ in respect of dividends on Canadian Pacific Railway Stock not loaned to His Majesty's Treasury has been discontinued on 5th April as promised?

The CHANCELLOR of the EXCHEQUER (Mr. Chamberlain)

I do not propose to ask Parliament to renew this tax, and as soon as the Income Tax Resolution has been agreed to the tax will be discontinued as from the 5th April last.