§ Mr. Ronald Brownasked the Chancellor of the Exchequer whether he will seek to ensure that money spent by firms on public advertising to avoid amalgamation will not be tax deductible.
§ Mr. NottExpenditure on a campaign to prevent a change in ownership of the shares of a company is not deductible under existing law, but if the expenditure is shown to be wholly and exclusively for the purposes of the company's trade it is rightly deductible in computing the profits of that trade.