§ Mr. Fauldsasked the Chancellor of the Exchequer whether, with reference to his written answer, Official Report, 7 May. c. 138, stating that the commissioners of Inland Revenue derive no financial advantage as a consequence of administrative practices relating to the acceptance by those commissioners of objects in satisfaction of tax, that answer extends to those cases in which three-quarters of the 100 per cent. exemption from tax of those objects which is provided for without qualification under statute is eliminated in the relevant computations for establishing the amount of tax credit to be made available by the commissioners to the tax debtor in respect of the surrender of such objects to the commissioners ; and, if so, whether he will specify in what manner the commissioners do not benefit financially as a consequence of 75 per cent. of a tax exemption being thus eliminated.
§ Mr. Peter Rees: I shall let the hon. Member have a reply as soon as possible.