§ 50 and 51. Mr. De Chair
asked the Chancellor of the Exchequer (1) whether, in preparing his next Budget, he will consider the immediate repayment of the post-war credits due to farmers in respect of Excess Profits Tax, in view of their urgent need for working capital after five years of intensive farming;
(2) if, in preparing his Budget, he will consider in future levying 90 per cent. Excess Profits Tax on farming instead of taking 100 per cent. now and repaying 20 per cent. less tax after the war, in view of the increasing need of farmers the longer the war lasts, for working capital to make good wear and tear of buildings, equipment and implements.
§ Sir J. Anderson
My hon. Friend will not expect me to anticipate my Budget statement. On the first Question I may however refer him to the reply which I gave to a Question on this subject by my hon. Friend the Member for West Birmingham (Mr. Higgs) on 6th February.