§ Mr. PETOasked the Chancellor of the Exchequer what discount is allowed on the prepayment of Super-tax; and whether he will consider, with a view to the early collection of revenue, the acceptance of any sum prepaid on account of Super-tax at a discount equal to the interest on the War Loan?
§ Mr. BONAR LAWDiscount on prepayment of Super-tax, at the rate of 2½ per cent. per annum calculated for the number of days by which the tax is paid in advance of 1st January, is allowed to persons claiming such an allowance. The suggestion contained in the second part of the question has been carefully considered, but the administrative difficulties with an overworked staff would of itself make it, in my opinion, undesirable.