§ Mr. Sternasked the Chancellor of the Exchequer, pursuant to his reply of 12 December, Official Report, column 770, on the subject of deep-discounted securities, when he intends to publish a full and detailed list of the amounts deemed by the Inland Revenue to be the issue price and interest element for each such security not issued in the United Kingdom which is subject to these provisions.
§ Mr. Ian StewartIt would not be practicable to publish such a list.
§ Mr. Sternasked the Chancellor of the Exchequer, pursuant to his reply of 12 December, Official Report, column 770, on the subject of deep-discounted securities, how he intends to determine the issue price of United States stripped securities where there is no specific date of issue and when the instruments are stripped on demand.
§ Mr. Ian StewartThe rights to interest or redemption amounts from United States stripped securities are not regarded as securities issued by a company for United Kingdom tax purposes and the deep-discount legislation does not apply to them.