§ Mr. Spenceasked the Chancellor of the Exchequer if he will review the provisions of the capital gains tax which 40W make local authority fixed-interest securities subject to long-term capital gains tax whilst Government securities are exempt.
§ Mr. Patrick JenkinI would refer my hon. Friend to the answer which I gave to my hon. Friend the Member for Bolton, West (Mr. Redmond) on 14th July.—[Vol. 803, c. 172.]