§ 64. Mr. ROSEasked the Chancellor of the Exchequer whether he is aware that the capital of the Metropolitan Wagon Company before the War was approximately £1,000,000; that this capital was afterwards increased to the extent of £2,000,000 by way of bonus shares, making the capital £3,000,000; that subsequently the undertaking was sold to Messrs. Vickers for £15,000,000; and whether he can give an assurance that as respects the profits made in this undertaking the proper amount of Excess Profits Tax has been paid?
Mr. CHAMBERLAINI am aware that such a transaction has taken place. The Commissioners of Inland Revenue are precluded from disclosing information relating to the liability to taxation of a particular taxpayer. The hon. Member may, however, rest assured that the Commissioners will require that Excess Profits Duty be paid in all cases when it is found to be due.