§ 57. Mr. J. H. HALL(for Mr. MACLEAN) asked the Chancellor of the Exchequer how he arrived at the sum of £25,140 as an annual nett insurance payment. to provide for Estate Duty on an income of £50,000 per annum from investments; and whether he can state the number of such incomes?
§ Mr. P. SNOWDENThe figure in question was arrived at on the lines laid down on page 78 of their report by the Colwyn Committee on National Debt and Taxation except that no account was taken of Legacy and Succession Duties. The statistics compiled in relation to the Surtax refer to total income and do not distinguish earned from investment income.