§ 50. Captain John Crowderasked the Chancellor of the Exchequer whether he is proposing that moneys received from annuities endowment policies or provident funds will be regarded as investment income for the purpose of assessing liability for the new Special Contribution.
§ The Financial Secretary to the Treasury (Mr. Glenvil Hall)I must ask the hon. Member to await the publication of the Finance Bill.
§ Captain CrowderWill the Financial Secretary bear in mind that annuities are in fact repayment of capital, and will he consider this question very carefully before the actual Bill is drafted?
§ Mr. Glenvil HallI think the hon. Member can rest assured that my right hon. and learned Friend will bear all the factors in mind.