§ 46. Mr. Molsonasked the Chancellor of the Exchequer if he will make a statement regarding the remittance of sums to enable United Kingdom investors to pay the non-resident tax on stock dividends.
§ Mr. GaitskellYes, Sir. Residents of the United Kingdom who receive stock dividends in respect of foreign investments will in future be allowed to remit money to meet any taxes payable on the stock dividends in question, so that they can retain the securities without the necessity of selling some of them to cover the tax due.
§ Mr. MolsonWill the Chancellor sympathetically consider extending this most valuable concession to rights to take up additional shares?
§ Mr. GaitskellI am prepared to consider any suggestion of this kind on its merits. The hon. Gentleman will appreciate that this was a very small concession, not costing very much, which I could make easily.