HC Deb 02 June 1892 vol 5 cc455-6
MR. SCHWANN (Manchester, N.)

I beg to ask the Chancellor of the Exchequer does Section 23 of 53 Vic., c. 8, entitle a Spinning and Manufacturing Company, Limited, carrying on business in its own premises, and paying duty in 1891–2 under Schedule A on £2,000, and under Schedule D on £5,000, to repayment of the whole amount of duty paid on proving to the Commissioners for General Purposes at the end of the year that there had been a loss of £2,000 on trading; and, if so, would a yeoman farmer, farming his own land, on showing that his loss in farming exceeded the aggregate amount of his assessment under Schedules A and B, be entitled to repayment of all the duties paid?

*THE CHANCELLOR OF THE EXCHEQUER (Mr. GOSCHEN,) St. George's, Hanover Square

The two cases which the hon. Member gives are not parallel. A manufacturing company is assessed on an average of three years profits, and the question of repayment is governed by Section 6 of 28 & 29 Vict., c. 30, as well as by the section which the hon. Member quotes. A yeoman farmer would, in the circumstances stated in the question, be entitled to repayment of all the duties paid.