HC Deb 25 February 1966 vol 725 cc168-70W
Mr. Boston

asked the Chancellor of the Exchequer whether he is aware that commercial concerns, details of which have been sent to him, are operating through the medium of a friendly society so as to offer a return to investors which is entirely tax free; what action he proposes to take; and whether he will make a statement.

Mr. Callaghan

I am aware of recent developments in this field which exploit the tax exemptions enjoyed by registered friendly societies and I am considering what action is required.