§ 50. Mr. HANNONasked the Chancellor of the Exchequer whether he has given consideration to the provisions of the United States Revenue Act of last year, which granted exemption from taxation of the income derived from shipping owned by non-residents or foreign corporations belonging to those countries which granted an equivalent exemption to United States vessels; whether he has consulted the Chamber of Shipping and shipping corporations in this country on the subject of international taxation of 2019 shipping; and whether any steps will be taken to arrange reciprocal exemption as between the United States and Great Britain which would confer advantages upon British shipping?
§ Sir R. HORNEI am aware of the provisions of the United States Revenue Act to which my hon. Friend refers, and I am arranging to receive a deputation on the subject from the Chamber of Shipping of the United Kingdom.