HC Deb 21 January 1930 vol 234 c31
54. Mr. KELLY

asked the Financial Secretary to the Treasury whether any estimate has been made of the number of those who avoid payment of Income Tax and Super-tax by taking out a 10-years' or endowment policy on which the insurance companies give a loan of 85 per cent. of the single premium, enabling them to debit their accounts with the interest on this 85 per cent.?

Mr. PETHICK-LAWRENCE

I regret that I am not in a position to give this information, but I can assure my hon. Friend that the effect of these arrangements on the yield of Sur-tax is not being lost sight of.