§ Mr. Mayhew
asked the Chancellor of the Exchequer whether he proposes to make any change in the terms of issue of Tax Reserve Certificates.
§ Mr. Dalton:
Yes, Sir. Tax Reserve Certificates issued on or after 15th April, 1946, will carry interest, when tendered in payment of tax, at the rate of ¼ of 1 per cent. per annum tax free instead of 1 per cent per annum tax free. In all other respects the terms of the Certificates will remain unchanged.