asked the Minister for Finance if he is aware that under Section 68 of the British Income Tax Act, 1918, the Bank of Ireland was accorded the privilege to assess and tax itself; and, if so, if he will state the reasons for not taking steps to repeal this section.
Ceisteanna—Questions. Oral Answers. - Bank of Ireland Privilege.
The Deputy does not appear to be aware of the fact that the section to which he refers was amended 20 years ago. A section was included in the Finance Act, 1925, repealing the provision by which the Governor and Directors of the Bank of Ireland were constituted commissioners for assessing the bank's profits to income-tax.