§ Mr. POLLOCKasked the Chancellor of the Exchequer whether he is aware that industrial co-operative societies have accepted Government contracts on a considerable scale in connection with the present War; and whether he has taken or will take steps to collect the Income Tax which becomes payable in these circumstances under Section 24 of the Industrial and Provident Societies Act, 1893?
§ Mr. LLOYD GEORGEI have no official information as to the facts stated in the first part of the question. None of the societies referred to is liable to be charged Income Tax unless the number of shares is limited. The comparatively few shareholders whose incomes exceed £160 are chargeable under the general provisions of the Income Tax Acts in the same manner as other persons in the receipt of income not charged at the source.