Colonel NEWMANasked the Chancellor of the Exchequer whether he is aware of the increase in banking, including the collection of dividends, which 1314W is now undertaken by Swiss, Dutch, and other neutral banks on behalf of residents in this country; whether, as a result, the Revenue loses in taxes; and if he has made any representations to the Governments of these neutral countries on the subject?
Mr. CHAMBERLAINIn certain cases dividends payable abroad are being collected abroad where exchange favours that course. I have no reason to think that any loss to the Revenue results, but if my hon. and gallant Friend has any information to that effect I should be glad if he would communicate it to me.