§ 69. Mr. HAMMERSLEYasked the Chancellor of the Exchequer if he has 2381 any information whether the bonds of the German reparations loan to be issued in this market or any other market will be exempt from taxation; and, if so, will he give details?
§ Mr. P. SNOWDENThe bonds issued in London will not be exempt from taxation. I understand that the bonds issued in Paris will probably be exempt from certain French taxes, but I have no details. I have no information as to whether any of the other Governments, in whose markets it is proposed to issue bonds, intend to grant any exemption from taxation on those bonds.
§ Sir W. BRASSCan the right hon. Gentleman say whether they will be exempt from taxation if held by residents abroad?
§ Mr. SNOWDENNo.