§ Mr. JAMES MASONasked the Chancellor of the Exchequer whether the profits of co-operative societies are subject to Income Tax in the same way as are the profits of ordinary traders; and, if not, whether he will consider the desirability of bringing them within the same provisions?
§ Mr. McKENNAI would refer the hon. Member to the reply given by my predecessor to the hon. and learned Member for Warwick and Leamington on the 24th November last. I am sending the hon. Member a copy of this reply, to the terms of which I have nothing to add.