§ 62. Brigadier Medlicottasked the Chancellor of the Exchequer if the withdrawal of the initial allowance for 212 Income Tax purposes will apply to agricultural machinery and equipment.
47. Mr. Macdonaldasked the Chancellor of the Exchequer whether the suspension of the initial allowance for industrial equipment applies to agriculture.
§ Mr. GaitskellYes, Sir.
§ Brigadier MedlicottThe Chancellor will remember saying, in regard to the withdrawal of the allowance from the shipbuilding industry, that there was a case for looking at the matter again. Is there not a strong case for looking at the matter from the point of view of agriculture, in view of the present importance of our food supplies?
§ Mr. GaitskellNo, Sir, I could not agree that there is any close analogy between those two cases.
§ Mr. ButcherWas this matter taken into consideration in the annual price review?
§ Mr. GaitskellI am not quite sure. Perhaps the hon. Member will let me have notice of that question.
§ Mr. NabarroDoes the right hon. Gentleman's reply mean that the initial allowances for Income Tax purposes are also withdrawn from commercial vehicles used for agricultural purposes?
§ Mr. GaitskellYes, they are withdrawn from the beginning of the fiscal year 1952–53 from all industry and agriculture.
§ Brigadier MedlicottIf the Chancellor does not feel able to look at the matter now, will he look at it again at the time of next year's price review?