Annual report : 1944 / Cameron Hospital, West Hartlepool.

  • Cameron Hospital (West Hartlepool, England)
Date:
1944
Catalogue details

Licence: Public Domain Mark

Credit: Annual report : 1944 / Cameron Hospital, West Hartlepool. Source: Wellcome Collection.

    4/48 (page 2)
    INCREASE OF SUBSCRIPTIONS BY RECOVERY OF INCOME TAX. By virtue of the Income Tax Act, 1918, and subsequent Finance Acts, it is possible for the Hospital to effect an increase of its income by the recovery from the Inland Revenue Depart¬ ment of the Income Tax that has been paid by its subscribers in respect of their subscriptions. To enable the Hospital to do this, however, it is necessary that each subscriber should enter into a legally binding contract to pay the Hospital an annual subscription of a definite amount during a period of at least seven years. The agreement is terminable by death, so that a subscribers’ estate would not be liable for subsequent payments of the sub¬ scription. Table Showing the Benefit Accruing to The Hospital from Seven Years’ Agreement so Long as Income Tax remains at 10/- in the £. Annual Subscription Amount recovered Amount credited to be paid by by Hospital from to subscriber on Subscriber Inland Revenue Subscription List £ s. d. £ s. d. £ s. d. 1 1 0 1 1 0 2 2 0 2 2 0 2 2 0 4 4 0 3 3 0 3 3 0 * 6 6 0 4 4 0 4 4 0 8 8 0 5 5 0 5 5 0 10 10 0 10 10 0 10 10 0 21 0 0 The Secretary will be pleased to forward the appropriate Deed of Covenant on application. 9