§ Mrs. WINTRINGHAM
asked the Chancellor of the Exchequer if he can give the estimated aggregate profits of the brewing companies of the United Kingdom for 1913, and for each year subsequently up to 1918, inclusive?
§ Mr. SNOWDEN
The following estimates have been prepared of the profits of brewery concerns, whether owned by individuals, firms, or companies, for the accounting years ended within the Income Tax years 1913–14 to 1918–19 inclusive. The estimated profits stated represent profits as computed for the purpose of Income Tax, Schedule D, increased where necessary by the addition of Excess Profits Duty (allowable as a deduction in computing income Tax profits), and reduced by the amount allowed in each year for Income Tax purposes in respect of the wear and tear of plant and machinery. The figures 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 233W houses, sale of wines and spirits, bottling, etc.:
Accounting Years ended in the Income Tax Years. Estimated Profits of Brewing Concerns in the United Kingdom. £ 1913–14 … … 9,971,000 1914–15 … … 11,680,000 1915–16 … … 13,181,000 1916–17 … … 14,220,000 1917–18 … … 24,394,000 1918–19 … … 30,190,000