§ 63. Lieutenant-Colonel Dowerasked the Chancellor of the Exchequer whether he will consider altering the scale of taxation when a beneficiary holds house property in trust for life upon which the levies of taxation and war damage contribution exceed the total income or, alternatively, will he introduce legislation to enable such trusts to meet the extra liability out of the trust funds.
§ The Chancellor of the Exchequer (Sir John Anderson)I am afraid that I could not see my way to adopt the suggestion which my hon. and gallant Friend makes in the first part of his Question. As regards the second part, I would refer him to Section 66 of the War Damage Act, 1943, which deals with the application of trust moneys in payment of War Damage Contribution.