§ MR. CORRIE GRANT (Warwickshire, Rugby)To ask the Secretary of State for the Colonies what was the amount of gold raised in the Transvaal, the amount distributed in dividends, the amount paid to the Government as income-tax on profits or otherwise by the gold mining companies of the Transvaal in each of the three years 1902,1903 and 1904.
(Answered by Mr. Secretary Lyttelton.) The figures are given in the following table. The Gold Profit Tax Proclamation (seepage 168 [Cd. 1163]), was passed in June, 1902, and the figures are for the Transvaal financial years running from 1st July to 30th June:—
§ I should explain that, owing to the gold mining companies frequently making up their accounts in December, the greater part of the profit tax is paid early in the calendar year, and does not therefore come in the last six months. With regard to the payment of profit tax reference should be made to No. 2 in [Cd. 2102].