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Imperial Preference

Volume 155: debated on Monday 12 June 1922

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asked the Chancellor of the Exchequer the amount of duty collected during 1921–22 at the general rate and the preferential rate, respectively, in respect of each of the commodities to which Imperial Preference applies?

The following table shows the amount of duty collected at the full and preferential rates respectively in respect of each of the commodities to which Imperial Preference applies during the year ended 31st March, 1922:interests; and whether, having regard to the injustice such a provision will entail, he will reconsider the matter and withdraw the Clause?

Clause 13 (1) (c) of the Finance Bill provides in certain circumstances that income payable to or applicable for the benefit of a child under a disposition made by a parent of the child shall be regarded as the income of the parent for purposes of Income Tax (including Super-tax) so long as the child is an infant and unmarried (that. is, so long as it is the natural and proper duty of the parent to provide for the child), but only if the disposition is made for a period less than the life of the child. The answer, therefore, to the first part of the question, if I have understood it aright, is in the negative and the other parts of the question do not arise.