§ 12. Mr. McKayasked the Chancellor of the Exchequer what was the total for wages and salaries paid by the companies and public corporations trading in the United Kingdom for the year 1955 ; what was the undistributed income, after taxation, of such companies and public corporations for the same year ; and what percentage is this sum of the total wages and salaries paid by them.
§ Mr. H. MacmillanTotal wages and salaries paid by companies and public corporations in 1955 are estimated at approximately £7,150 million and their undistributed profits after tax at £1,655 million. The latter figure is 23 per cent. of the former. It is worth noticing that the £1,655 million of undistributed profits was more than offset by the amount spent by these concerns on investment.