§ 67. Mr. Chamberlainasked the Chancellor of the Exchequer whether, in view of his repeated assurances during the past two years that he would take action in regard to financial devices designed to take advantage of the present economic situation and thus to enrich individuals and avoid any sharing of burdens, he will now introduce retrospective legislation to stop the widespread and profitable practice of company reconstructions and 79W similar devices under which large tax-free sums are made available to individuals.
§ Sir S. Cripps:As far as company reconstructions are concerned, I do not, as at present advised, contemplate such legislation. With regard to similar devices, I am looking into this matter, as my right hon. Friend explained last Thursday, but I cannot anticipate my Budget statement.