§ Mr. FELLasked the Chancellor of the Exchequer if he has given any instructions to the Income Tax authorities that Income Tax at the rate of 1s. 2d. in the £ must be deducted from dividends now being paid for the half-year ending the 31st March last; and, if so, on what ground were such instructions given?
§ Mr. LLOYD-GEORGEThe usual instructions have been given for the deduction of Income Tax at the rate of 1s. 2d. in the £from such foreign and Colonial dividends as fall under the law to be charged at the rate in force at the time of payment. These instructions do not apply to the dividends of companies registered in the United Kingdom.