§ Mr. Ralph Howellasked the Chancellor of the Exchequer if he will show the ratio of net trading income to net trading assets in manufacturing industry, at historic cost and at replacement cost, in 1950, 1960, 1965, 1970 and for each year since 1970.
§ Mr. Denzil DaviesThe estimates available for these ratios relate to large listed companies and for the years 1955 to 1973 are given on page 244 of "Trade and Industry" for 24th October 1975. Estimates for 1950 are 20.9 per cent. at historic costs and 19.6 at replacement cost, before providing for stock appreciation. Estimates for years after 1973 are not yet available.