§ 44. Mr. CAPORNasked the Chancellor of the Exchequer the additional income derived from co-operative societies in respect of the last financial year by reason of the provisions of the Finance Act, 1933?
§ Mr. HORE-BELISHAThe special inquiry which was instituted in order to ascertain the increased liability to Income Tax resulting from last year's legislation regarding industrial and provident societies has now been completed, and shows that the additional Income Tax payable for the year 1933–34 amounted to £1,250,000 as against the Budget Estimate of £1,200,000.
§ Mr. MORGAN JONESMay I ask whether this special inquiry involved any additional expense to the Exchequer?
§ Mr. HORE-BELISHAI should not think so.