§ 120. Mr. Errollasked the Chancellor of the Exchequer on what grounds employees earning more than £2,000 per annum and all directors are excluded from participating in the Retirement Savings Scheme sponsored by the National Savings Committee.
§ Mr. H. BrookeThe purpose is to secure that the scheme wholly qualifies as an excepted provident fund in terms of Chapter II of Part XVII of the Income Tax Act, 1952.