HC Deb 08 March 1920 vol 126 c956W

asked the Chancellor of the Exchequer whether his attention has been drawn to the fall which has occurred in the market quotations of British Government securities since the question of the taxation of war profits was referred to a Committee; and, as the depreciation is attributed to this inquiry, if he will take steps to have a time limit established within which the Committee shall be required to report?


I cannot admit that the recent fall in Government securities is solely attributable to the cause suggested by the hon. Member, though I am aware of the disturbing effect which the discussion of such a tax must have. But the Committee is fully alive to the importance of completing its inquiry in as short a time as possible. It is, however, far more important to secure a thorough examination of both the advantages and disadvantages of this proposal than to set a time limit to the deliberations of the Committee.