§ Mr. Benjamin Smithasked the Chancellor of the Exchequer whether he will take steps to ensure that a substantial 42W proportion of the enhanced prices now being obtained on the sale of ships shall revert to the Treasury?
§ Sir J. SimonI would refer the hon. Member to the reply given on 4th October to the hon. Member for Plaistow (Mr. Thorne), in which the position with regard to the liability to taxation of profits arising from the sale of ships was stated.