§ Mr. Ridleyasked the Chancellor of the Exchequer what is his estimate of the cost to the Revenue at the present time of the free depreciation available to United Kingdom shipping companies.
§ Mr. Taverne:The tax liability of many shipping companies is affected by the carry-forward from previous years of unused capital allowances or of losses, and I regret that it is not possible to say how much of the amounts now being carried forward is attributable to free depreciation.