§ Mr. KILEYasked the Chancellor of the Exchequer whether he is aware that under the Excess Profits Duty the abatement of £200 is the same whether there is one or many partners in a firm, and that in consequence hardship is inflicted on small firms where there are several working partners whose individual incomes are under £400; and is he prepared to provide that exemption from this tax should be given to such cases, especially in view of the fact that landowners, farmers, and professional people whose incomes have largely increased during the War are free from Excess Profits Duty?
Mr. CHAMBERLAINI would ask the hon. Member to postpone to the Committee stage of the Finance Bill the discussion of details of the Excess Profits Duty.
§ Mr. CLYNESasked the Chancellor of the Exchequer whether he is aware of the benefit to industry of the Manchester University in respect to the work done by it for scientific research; whether he is aware of the appeal now being made for financial support to the university; and whether, under the circumstances, he is prepared to allow money given to the university for founding scholarships de signed to assist industry to be regarded as legitimate working expenses in calculating the Excess Profits Duty?
Mr. CHAMBERLAINSubscriptions for public objects of the nature indicated do not fall within the definition of money wholly and exclusively expended for the purpose of the trade of the donor, and are therefore not an admissible deduction in the computation of profits for the purposes of Excess Profits Duty.