§ Sir W. Smithersasked the Chancellor of the Exchequer whether, in view of the patriotic efforts made by farmers and the consequent increase of demands on their capital resources, he will review their position as Income Tax payers; and has he any statement to make?
§ Sir K. WoodI am afraid that I could not, consistently with the general principles of the Income Tax, grant any special
1940–41 1941–42 1942–43 £ £ £ Gross total of Interest charges … … … … 232,105,000 274,875,000 329,055,000 In which there was included interest on:— Treasury Bills … … … … 14,753,000 18,567,000 22,755,000 Ways and Means Advances … … … … 565,000 1,212,000 1,668,000 Treasury Deposits by banks … … … … 663,000 6,415,000 7,426,000 National Savings Certificates … … … … 8,950,000 8,600,000 8,750,000 Tax Reserve Certificates … … … … Nil Nil 1,225,000