§ Sir F. WISEasked the Chancellor of the Exchequer which countries have made reciprocal exemption of shipping profits from taxation: and if any negotiations are taking place with any other countries?
§ Mr. McNEILLArrangements under Section 18 of the Finance Act, 1923, for the reciprocal exemption from Income Tax in certain cases; of the profits taken from shipping have been made with the United States, Denmark, Norway, Sweden and Finland and negotiations are proceeding with other countries.