§ 42. Mr. ALBERYasked the Chancellor of the Exchequer whether, for the purpose of encouraging co-partnership in 1266 industry, he can arrange for dividends payable on shares held by workers under co-partnership schemes to be paid without deduction of Income Tax at source?
Mr. SAMUELI regret that I cannot give any general assurance of the character desired by hon. Friend. The arrangements to be made depend on the facts and circumstances of particular schemes. In appropriate cases, however, the authorities are ready to make arrangements for simplifying the collection of tax on co-partnership dividends, where deduction involves undue inconvenience to shareholders.