Section twenty-five of the Finance Act, 1919 (which relates to the tax on income from converted Government securities), shall apply to securities which have been exchanged for five and three-quarter per cent. Exchequer Bonds, 1925, or for any other Government securities may be issued at any time after the commencement of this Act, as it applies to securities which have been accepted as the equivalent of cash in payment for allotments of Victory Bonds.
§ Amendment made: After the word "securities" ["or for any other Government securities"] insert the word "which."—[Mr. Baldwin.]
§ Clause, as amended, ordered to stand part of the Bill.