§ Mr. SCANLANasked the Chancellor of the Exchequer (1) whether, in the case of a private limited company with a merely nominal capital, the actual value of the business of the company or the amount of its share capital paid up will be taken as the basis for ascertainment of the allowance of 6 per cent. on capital for the purposes of the Super-tax on war profits; and (2) if he will state, in connection with the proposed special tax on war profits, whether provision will be made to avoid hardship in the case of firms which have made an abnormal loss in one or more of the three years on which the assessment for 1914–15 was based, by eliminating the figure for the year of abnormal loss, or by causing the average of profits to be calculated over a more extended period, or by some other equitable method?
§ Mr. McKENNAAs regards this question and the next I would ask my hon. Friend to await the circulation of the Finance Bill.