To the Editor of the "Nort Cuina Daicy News"
Sir,—In consequence of a difference in opinion concerning income tax I wrote to an income tax consultant (Mr. W.T. Fry, 13. Buckingham Palace Gardens, London) and got him to answer the queries and set-Ue the dispute. As the remarks will be appreciated by people who intend to settle in Great Britain I hope you will be able to find room for them. Mr. Fry states:- "I" quite agree that it is often possible to obtain a greater rate of terest from foreign or colonial securities than British but any income derived from such securi atill to suffer tax by the person resident in this country, so that when these people retire they will not gain any benefit beyond perhaps the en-need rate of interest. Income tax Payable in this country on all money derived from every source whatsoever with very few exceptions.
People who invest. money in China with the idea of not paying tax on their return Home will see from the above that there is no ex-cape.
Tam, ete.
Text read from the printed page and cleaned; old type leaves the occasional error.