HC Deb 20 November 1958 vol 595 cc177-8W
43. Mr. Gough

asked the Secretary to the Treasury if he is aware of the dis-

Table (1) National Savings (Gross receipts) (2)National Savings (Net receipts) (3)Advertising Expenditure (4)(3)as a Percentage of (1) (5)(3)as a Percentage of (2)
(£ million) (£ million) (£)
1948–49 818.4 +80.6 499,501 0.06 0–62
1949–50 ߪ ߪ ߪ 774–4 +28.3 459,592 0–06 1.62
1950–51 ߪ ߪ ߪ 821.0 +4.5 430,275 0–05 9–56
1951–52 ߪ ߪ ߪ 930.9 -36.5 401,849 0.04
1952–53 ߪ ߪ ߪ 982.7 -76.7 345,527 0.04
1953–54 ߪ ߪ ߪ 1,031.8 -9.8 321,655 0–03
1954–55 ߪ ߪ ߪ 1,166.7 +121–7 372,673 0–03 0.31
1955–56 ߪ ߪ ߪ 1,238.9 -6–2 341,434 0–03
1956–57 ߪ ߪ ߪ 1,673–8 +129.9 512,321 0.03 0–39
1957–58 ߪ ߪ ߪ 1,485.4 +18.6 626,066 0.04 3.37

The figure for advertising expenditure consists of the publicity expenditure of the National Savings Committee, Scottish Savings Committee and Post Office Savings Bank; publicity material provided for the National Savings Committee by the Stationery Office; and the criminatory effect of the provisions of Section 271 (3) of the Income Tax Act, 1952, upon small bakers as opposed to large firms; and what steps he proposes to take to put this right.

Mr. Simon

The provisions to which my hon. Friend refers are of general application and preclude the giving of an industrial buildings allowance for any premises used as part of a commercial building or for any purpose ancillary to the purposes of a commercial building. My right hon. Friend has noted the point made by my hon. Friend as to their possible effect.