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Exemption from income tax for 1923-24 of funds of National Health Insurance Authorities in Great Britain and Northern Ireland.
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1.—(1) An Approved Society within the meaning of Part I. of the National Insurance Act, 1911, having its principal office situate in Great Britain or Northern Ireland, and any branch of such a society, shall be entitled to exemption from income tax for the year beginning on the 6th day of April, 1923, in respect of the income derived from any funds or credits of the society under that Part of that Act, or any investment thereof, and the Minister of Health for England, the Scottish Board of Health, and the Ministry of Labour in Northern Ireland shall be entitled to a similar exemption in respect of any income derived from any funds held by them, or under their control or management, under or for the purposes of that Act.
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(2) An Insurance Committee established in Great Britain or Northern Ireland under Part I. of the National Insurance Act, 1911, shall, in respect of income derived from any funds or credits of the Committee under the National Health Insurance Acts, 1911 to 1922, or any investment thereof, and the Trustees of the special fund constituted by Sub-section (6) of Section forty-eight of the National Insurance Act, 1911, as amended by the National Health Insurance Act, 1918, shall, in respect of income derived from that fund, be entitled to exemption from income tax for the year beginning on the 6th day of April, 1923, and the National Health Insurance Joint Committee shall be entitled to a similar exemption in respect of any income derived from any funds held by that Committee or under the control or management of that Committee under or for the purpose of the National Health Insurance Acts, 1911 to 1922, and the body of Trustees constituted under Article 3 of the Government of Ireland (Adaptation of Health Insurance Acts) Order, 1922, shall be entitled to a similar exemption in respect of the income derived from any funds transferred to and vested in that body of Trustees pursuant to that Order.
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(4) Every reference contained in this section to the National Health Insurance Acts, 1911 to 1922, or to any of those Acts, shall be construed as a reference to such Acts or Act in their or its application to Great Britain and Northern Ireland.
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