§ Mr. Trew
asked the Chancellor of the Exchequer what will be the tax treatment of the discount on the forthcoming issue of 3 per cent. Treasury Stock 1979.
§ Mr. Nott
Under the law as it stands the discount on this stock would be chargeable to tax as income under Case III of Schedule D. My right hon. Friend proposes to introduce a clause in the Finance Bill to remove this charge.
§ OFFICIAL REPORT, 5th March 1973, c.11, at the end of the table under "Industry Act Assistance in Scotland" add:
|Shipbuilding Construction Grants (position to 28th February 1973)|
|(a) applications received||53|
|(b) applications paid||32|
|(c) applications rejected||—|