Clause 13. — (Income tax and Super-tax, 1928–29.)

Part of Orders of the Day — Finance Bill. – in the House of Commons on 26th June 1928.

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Photo of Mr Frederick Pethick-Lawrence Mr Frederick Pethick-Lawrence , Leicester West

If the Clauses are taken in their proper order the Clause which will be taken now is this Income Tax Clause. If the Chancellor of the Exchequer has his way and we postpone this Clause regarding the Income Tax, we proceed to deal with these Clauses about the Sinking Fund, Clauses 18 and 19. They are Clauses of great importance, altering the whole future of the financial relations of this country—doing away with rules of finance which have existed for a long time and substituting some of the meritricious proposals which the Chancellor of the Exchequer proposes to put in their places. If the Chancellor of the Exchequer has come to the conclusion that this is the wrong time to discuss Income Tax proposals, it is a wrong time to discuss these Clauses.