§ Mr. WATERSONasked the Chancellor of the Exchequer whether those co-partnership productive firms who through mutual trading divide profits between the customer-workers and shareholders are to come within the scope of the Corporations Tax; and, if so, how he intends to apply it?
Mr. CHAMBERLAINThe reply to the first part of the question is in the affirmative. As regards the second part, I would ask the hon. Member to await the provisions of the Finance Bill.