§ Sir H. NIELDasked the Chancellor of the Exchequer whether by Clause 13 (1) (c) of the Finance Bill it is his intention to secure that the Income Tax, including Super-tax, under a disposition creating a life interest, or vesting at marriage or majority, and whether originating by settlement, will, or other instrument shall, during the infancy of a beneficiary, be charged upon the aggregate estate of the settlor or testator; what, if this be so, is the intention to penalise these separate
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§ Sir R. HORNEI do not admit the assumption of the hon. Gentleman's question, and I would remind him that the differential duty against China tea has been reduced under the present Budget by 33⅓ per cent. Accordingly, I do not think there is any case for reconsidering the matter.