HC Deb 09 May 1933 vol 277 cc1359-60
41. Mr. HANNON

asked the Chancellor of the Exchequer whether, in the forthcoming legislation to deal with co-operative societies, he will insert provisions to put an end to the advantage now enjoyed by these societies over ordinary traders in tendering for Government contracts by reason of their paying no income Tax on trading profits?


My hon. Friend seems to me to be putting forward merely a particular instance of a general contention. At present I can only ask him to await the proposals which, as I said in my Budget speech, must in due course be embodied in this year's Finance Bill.


May I ask whether, in point of fact, co-operative societies under the Industrial and Provident Societies Act are not violating the law in dealing with people outside their own society?


I do not think they are violating the law.