§ Mr. SNOWDENasked the Chancellor of the Exchequer if he can give the aggregate profits of the brewing companies of the United Kingdom for 1913, and for the latest year for which complete figures are available?
§ Major BOYD - CARPENTERThe following estimate has been prepared of the profits of brewery concerns, whether owned by individuals, firms or companies, for the accounting years of the concerns ended within the Income Tax years 1913–14 and 1921–22 respectively. The estimate of the 1921–22 profits is based upon the ascertained results of about one-third of the trade. The estimated profits stated represent profits as computed for the purpose of Income Tax, Schedule D, increased for 1921–22 by the addition of Excess Profits Duty (which was allowable as a deduction in computing the Income Tax profits) and reduced by the amount allowed for Income Tax purposes in respect of the wear and tear of plant and machinery. The estimated profits include any profits arising from carrying on any trade ancillary to the main business of brewing, as, for example, from the retail trade of managed houses, sale of wines and spirits, bottling, etc.
Estimated profits of brewing concerns in the United Kingdom for the accounting years ended in the Income Tax years:
£ 1913–14 … … … … 9,970,000 1921–22 … … … … 17,550,000