§ 28. Mr. Donnerasked the Secretary of State for the Colonies whether he has now concluded arrangements with the Government of the United States and completed all necessary steps in order to provide that the reciprocal agreement between His 107W Majesty's Government and that of the United States of America, whereby dividends on United States securities held by British citizens domiciled in the United Kingdom are now subject to tax reductions at source by the United States authorities of 15 per cent. as against 30 per cent. previously deducted, will be extended to colonial territories; and whether he will now state when this will come into effect.
Mr. Creech JonesHis Majesty's Government is now in a position to approach the Government of the United States of America regarding the extension of the Double Taxation Relief Convention, to those colonial Governments which have expressed a wish to be included therein. As the consent of the United States Government is required to any such extension, it is not possible to say if and when it will come into force.