§ 51. Lieut.-Commander KENWORTHY(for Colonel WEDGWOOD) asked the Chancellor of the Exchequer whether he is aware that payments made to foreigners by the Bank of England on the coupons of the Ottoman Loan of 1855 are always accompanied by affidavits giving the owner's name and address to avoid British Income Tax; and why, therefore, he cannot distinguish French from English and leave their own Government to meet their own obligations to Frenchmen?
Mr. SAMUELThe declarations or affidavits referred to by the hon. and gallant Member cover a negligible proportion of the payments. The total dividend paid last February was £76,000 and the amount paid free of tax on the basis of a declaration of residence in France was £302.