Mr. EDMUND HARVEY
asked the Chancellor of the Exchequer whether he will provide in the Finance Bill for the granting of exemptions from Income Tax, whether under Schedule A or otherwise, to all public schools, hospitals, and almshouses, in which the whole of the funds of the institution concerned are applied for the benefit of those admitted to it?
§ Mr. LLOYD GEORGE
I may refer my hon. Friend to the provisions of Section 61, Schedule A, No. VI., of Section 88, Schedule C, Third Rule, and of Section 105, of the Income Tax Act, 1842, which contain the exemptions afforded to institutions of the nature referred to.