National Income.

Part of Oral Answers to Questions — Budget. – in the House of Commons at on 8 May 1924.

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It will be appreciated that the significant figure above is that showing the estimated actual income, which means the statutory income of taxpayers, estimated in accordance with the provisions of the Income Tax Acts, and excluding the income of individuals with a total income not exceeding £135 of assessable income. Only a minute portion of the income of such individuals comes under the notice of the Board of Inland Revenue.