§ Captain BOWYERasked the Chancellor of the Exchequer whether, having regard to the memorandum issued on the Future Exchequer Balance Sheet (Command Paper 779), he will state the allowance which he has made in the Estimate under the head of Inland Revenue, in Table I., for increased income tax and super-tax if Excess Profits Duty be abolished?
Mr. CHAMBERLAINIf profits remained the same the increased receipts from Income Tax and Super-tax might be expected to reach £80,000,000.
§ Lieut.-Colonel JAMESasked the Chancellor of the Exchequer whether, having regard to the memorandum issued on the Future Exchequer Balance Sheet (Command Paper 779), he will furnish a detailed statement of the miscellaneous receipts shown as £22,000,000 in Table I., showing estimated revenue?
Mr. CHAMBERLAINThe figures are as follow:—
£ Excess Interest on the Currency Notes Investment Reserve A/c 12,000,000 Interest on Loans to Dominions 5,500,000 Fee Stamps 1,400,000 Mint Receipts 1,000,000 Suez Canal Dividends 1,000,000 Miscellaneous Extra Exchequer Receipts 1,100,000 £22,000,000
§ Mr. ORMSBY-GOREasked the Chancellor of the Exchequer whether, having regard to the memorandum issued on the Future Exchequer Balance Sheet (Command Paper 779), he will state the aggregate amount of debt upon which the debt 1054W interest of £320,000,000 shown in Table II. is calculated; and to what actual amount of debt the figure of £32,500,000, being one-half per cent. Sinking Fund, applies?
Mr. CHAMBERLAINThese figures are calculated on an estimated debt of £6,500,000,000. As stated in paragraph 4 of the Prefatory Memorandum, debts due to or from Governments of Allied or Associated Countries are excluded from this total.