§ Colonel WOODCOCKasked the Chancellor of the Exchequer, whether, in view of the fact that as trade moves in cycles of depression and prosperity, the operation of the three years' average as the basis of assessment for traders under Schedule D, often results in traders being called upon to pay taxes in years of depression on assessments based on the profits of prosperous years and vice versa, he can arrange for the basis assessment to be altered to that of the preceding year?
§ Mr. CHURCHILLI am not at the present time in a position to make any statement in this matter.