§ Colonel DAYasked the Chancellor of the Exchequer if he can give the aggregate profits of the brewing companies for the year 1913, and for the last complete year for which the figures are available, to include any profits ancillary to the main businesses.
§ Mr. CHURCHILLThe estimated profits of brewing concerns, whether owned by individuals, firms, or companies, for the accounting years ended within the Income Tax years 1913–14, 1922–23, and 1923–24 (the latest year for which figures are available) are as follow:
£ 1913–14 … 9,971,000 1922–23 (revised figure) … 18,400,000 1923–24 … 17,840,000 These estimates represent profits (including those arising from the carrying on of any trade ancillary to the main business) as computed for the purpose of Income Tax, Schedule D (adjusted where necessary to exclude the effect of payments or repayments of Excess Profits Duty), less the amounts allowed in respect of the wear and tear of machinery and plant. For the year 1923–24 they are based upon the ascertained results of about one-half of the trade.