§ 83. Mr. W. THORNE
asked the Chancellor of the Exchequer if he has seen the report concerning the Tempest Shipping Company, Limited; if he is aware that the profit for the ten and a half months ending 31st March, 1916, was £153,267; that the profit for the previous twelve months was only £18,755, and £16,290 in the year ending May, 1914; if he is aware that these profits are made in consequence of high freightage charges; and if he intends taking any action in the matter?
§ The CHANCELLOR of the EXCHEQUER (Mr. McKenna)
I observe with interest and pleasure the large increase in the profits of certain firms and companies, and I look forward to a substantial increase in the revenue from Income Tax, Super-tax, and Excess Profits Duty.
§ Mr. THORNE
Is the right hon. Gentleman aware that in consequence of these extraordinary profits being made by the shipping companies the consumer is suffering?
§ Mr. McKENNA
I trust that a large proportion of these extraordinary profits will ultimately be paid into the Exchequer.