§ Mr. SHERWELLasked the Chancellor of the Exchequer if an unregistered friendly society, whose income exceeds £160, is required to pay Income Tax on its full income, or is entitled to claim exemption up to the first £160 of its full income?
§ Mr. LLOYD GEORGEAn unregistered friendly society, whose income exceeds £160 per annum, is not entitled to abatement for the purposes of Income Tax.