§ Mr. Bostonasked the Chancellor of the Exchequer whether he is aware that commercial concerns, details of which have been sent to him, are operating through the medium of a friendly society so as to offer a return to investors which 170W is entirely tax free; what action he proposes to take; and whether he will make a statement.
§ Mr. CallaghanI am aware of recent developments in this field which exploit the tax exemptions enjoyed by registered friendly societies and I am considering what action is required.