§ Mr. FLETCHERasked the Secretary to the Treasury whether dividends on Exchequer Bonds not exceeding £200, issued through the Post Office, will be paid without deduction of Income Tax?
§ Mr. MONTAGUDividends on Exchequer Bonds deposited with the Post Office will be paid without deduction of Income Tax where the total amount of bonds held by any one individual together with the 4½ per cent. War Loan Stock, if any, held by him on the Post Office Register does not exceed £200. Coupons on bearer bonds issued through the Post Office will be liable to deduction for tax, except in the case of holders who are neither domiciled nor ordinarily resident in the United Kingdom.