New Clause. — (Amendment of Section 211 of Income Tax Act 1952.)

Part of the debate – in the House of Commons at 12:00 am on 24th June 1965.

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was another definition, the Chairman of the Select Committee said: There is no short and sharp distinction between the two classes at one point. Sir Henry Primrose, then Chairman of the Board of Inland Revenue, said, with all the authority of his position: I have indicated that my opinion is against charging a higher rate upon the income that is derived from savings as long as those savings are in the hands of those persons which have made the savings.