HC Deb 18 March 1926 vol 193 cc614-5W
Mr. BECKETT

asked the Financial Secretary to the Treasury whether he has received applications for credit facilities from any other coalfield besides Kent or for any by-product industry; and, if so, the names of the applicants, and the attitude taken towards their request?

Mr. McNEILL

A considerable number of applications has been received by the Trade Facilities Advisory Committee for guarantees in favour of colliery and by-product schemes including colliery housing schemes. Obviously, I cannot give the names of unsuccessful applicants, as the applications were made in confidence. The following guarantees, already reported to Parliament, have been given:

£
Stafford Coal and Iron Company, Ltd. 131,000
Stanton Ironworks Company, Ltd. 1,000,000
Pearson and Dorman Long, Ltd., Kent Coalfields 2,000,000

Year Exemption Limit Number of Individuals.
Entirely relieved from tax by the operations of abatements and allowances. Chargeable with tax. Total
1914–15 £160 100,000 1,140,000 1,240,000
1924–25 £135 Assessable Income. 2,300,000 2,400,000 4,700,000

As regards Super-tax, the number of individuals charged to tax for the year 1914–15, when Super-tax was chargeable on incomes exceeding £3,000, was 30,211; for the year 1924–25, when Super-tax was chargeable on incomes exceeding £2,000, it is estimated that 90,000 individuals were liable.