§ Captain P. MACDONALDasked the Chancellor of the Exchequer on what British Government securities Income Tax is not deducted at source; and whether he has any information as to the extent to which interest on this class of security is paid to persons or companies domiciled abroad?
§ Mr. PETHICK-LAWRENCEThe 5 per cent. War Loan 1929–47 is the only general exception to the normal rule that Income Tax is deducted at the source from dividends on British Government sterling securities. The answer to the second part of the question is in the negative.