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Payment of interest on war securities in certain cases without deduction of income tax.
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29. The Treasury may direct that any securities issued under the War Loan Acts, 1914 to 1917, or any Act amending those Acts, shall be issued or shall be deemed to have been issued subject to the condition that the interest on those securities shall be paid without deduction of income tax, and the interest shall be so paid accordingly, but any such interest shall be accounted for and charged to income tax under the third case of Schedule D., subject, however, to any provisions of the Income Tax Acts with respect to exemptions or abatements.
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