§ Mr. A, Edwards
asked the Chancellor of the Exchequer whether the minimum standard of £1,500, provided by Section 31 of the Finance Act, 1940, will be allowed in respect of each working proprietor in cases where such working proprietors have not been paid remuneration amounting to £1,500?
§ Captain Crookshank
Yes, Sir. The figure of £1,500 for each working proprietor (up to a maximum of four), provided by the Section, is intended to provide a minimum standard of profit for the trade or business.