§ Mrs. WINTRINGHAMasked the Chancellor of the Exchequer if he can give the estimated aggregate profits of the brewing companies of the United Kingdom for 1918 and for each year subsequently up to 1923, inclusive?
Sir G. DOYLEasked the Chancellor of the Exchequer the estimated aggregate profits of the brewing companies of the United Kingdom for the year 1919–20 and subsequent years?
§ Mr. SNOWDENThe following estimates have been prepared of the profits of brewery concerns, whether owned by individuals, firms or companies, for the accounting years ended within the Income Tax years 1918–19 to 1922–23, inclusive. The estimated profits stated represent profits as computed for the purpose of Income Tax, Schedule D (adjusted where necessary for the effect of payments or repayments of Excess Profits Duty) less the amounts allowed in respect of the wear and tear of machinery and plant. They include profits arising from carrying on any trade ancillary to the main business of brewing, as, for example, from the retail trade of managed houses, sale of wines and spirits, bottling, etc.
Accounting Years ended in the Income Tax Years. Estimated Profits of Brewing Concerns in the United Kingdom. £ 1918–19 … … … 30,190,000 1919–20 … … … 32,390,000 1920–21 … … … 28,220,000 1921–22 … … … 17,550,000 1922–23 … … … 19,000,000