§ 53. Mr. MALLALIEUasked the Chancellor of the Exchequer if he is aware of the proposal of the Canadian budget to levy a 5 per cent, tax on interest and dividend payments by Canadian companies to non-residents in Canada; and whether he will take any and, if so, what steps to protect residents in the United Kingdom who may be affected thereby?
§ Mr. HORE-BELISHAI am aware of the proposal to which the hon. Member refers. As regards the second part of the question I would draw his attention to the provisions contained in Section 27 of the Finance Act, 1920, for granting relief from United Kingdom Income Tax on account of the payment of Dominion Income Tax.