§ QUESTION.
§ MR. HIBBERTasked Mr. Chancellor of the Exchequer, Whether the Commissioners for general or special purposes have agreed upon the scale of deductions which they propose to allow under section twelve of the Customs and Inland Revenue Act of the present Session for depreciation of machinery or plant; and, if so, whether he can inform the House what such deductions are?
§ THE CHANCELLOR OF THE EXCHEQUER, in reply, said, it was never contemplated that the Commissioners should fix any hard-and-fast scale of deductions; but it was proposed that they should have a certain latitude in the matter, and the scale of deductions would necessarily be determined by the circumstances of different cases and different trades. It was impossible for him to inform the House what the deductions were.