Page:United States Statutes at Large Volume 47 Part 2.djvu/1001

 DOUBLE INCOME TAX-SHIPPING PROFIT8-GREAT BRITAIN. 2591 The appropriate authorities of this Government have been giving consideration to the matter and feel that some uncertainty exists with regard to the provision in the third paragraph of the Order in Council to the effect that the exemption shall be deemed to take effect on May 1, 1923, whereas your note transmitting the Order in Council dated November 7, 1924, states that it will take effect "from that date". I shall be grateful if you will be so good as to furnish me a state- ment regarding the exact date from which exemption is granted to American citizens c!" corporations under British laws in order that the exemption of Briti9h subjects or corporations under the laws of the Uruted States may be made effectiye from the same date. Accept, Excellency, the renewed assurances of my highest con- sideration. CHARLES E. HUGHES HIS EXCELLENCY THE RIGHT HONORABLE No. 159. SIR: SIR ESME HOWARD, G.C.M.G., K.C .B ., C.V.O ., Ambassador of Great Britain. The British Ambassador to the Secretary of State BRITISH EMBASSY, 'WASHINGTON, D. C., February 13, 1925. I have the honour to refer to your note of January 15th, con- cerning the arrangement with my Government for the reciprocal exemption of shippin~ profits from income tax and to inform you in reply to the enqUIrY contained in the last paragraph, that the date from which exemption from British Income Tax (including supertax) is granted in respect of shipping profits of American citizens or corporations under British laws is May 1st, 1923. I venture to request that instructions may be issued without delay by the appropriate authorities of your Government whereby the British interests concerned may benefit by this arrangement from the date above mentioned. I have the honour to be with the highest considertltion, Sir, Your most obedient, humble servant, THE HONOURABLE CHARLES E. HUGHES, ESME HOWARD Secretary of State of the United States, Washington, D. C. The Secretary of State to the British Ambassador EXCELLENCY: DEPARTMENT OF STATE, W.O\SHINGTON, D. C ., March 16, 1925. I have the honor to refer to your note No. 159 dated February 13, s~eDtofUDlted 1925, concerning the arrangement for the reciprocal exemption of. shipping profits from income tax and to state that a communication has now been received from the appropriate authority of this Gov- ernment in which it is stated that careful consideration has been given to the Order in Council dated November 7, 1924, and to the statements contained in your note above mentioned, and that it has