South African Shareholders' Tax

HC Deb 29 April 1947 vol 436 cc1719-20

48. Mr. Erroll

asked the Chancellor of the Exchequer when he intends to resume negotiations with the Union of South Africa for the abolition of the nonresident shareholders' tax, which presses heavily on British persons resident in the United Kingdom who have contributed a large portion of the capital required for the development of the South African goldmining industry.

Mr. Glenvil Hall

I cannot yet give a date, but we are keeping the point in mind.

Mr. Erroll

Will the Minister take full steps to protect British interests?

Mr. Glenvil Hall

Yes, of course.