§ Mr. CURRIEasked the Chancellor of the Exchequer whether, in reclaiming; Income Tax in respect of inscribed stock, the authorities are enabled to accept a statement upon the face of the claim showing what stock is in question and in whose name it is inscribed, but that where registered stock is in question the Inland Revenue is not in a position to adopt this procedure, and is obliged to call for certificates granted by the Bank of England proving deduction of tax; whether he will consider the practicability of relieving the holders of registered stock from this inconvenience; and whether the relief could be given quite easily by arranging that the Bank of England issue its warrants accompanied by counterfoils in accordance with the modern practice of commercial concerns-and their bankers?
§ Mr. BONAR LAWMy hon. Friend is under some misapprehension. No certificates are necessary to prove the deduction of Income Tax from dividends on either inscribed or registered stocks managed by the Bank of England, and there is no. difference in this respect between inscribed and registered stock.