§ Sir W. LANE MITCHELLasked the Chancellor of the Exchequer if in cases where cotton mills amalgamate and certain mills are found redundant, he will allow depreciation to be written off the redundant mills to the same amount as would be allowed if the redundant mills were working?
Mr. SNOWDENI presume that the hon. Member's question refers to the provisions of the Income Tax Acts that give an allowance in respect of wear and tear of plant and machinery. These provisions relate to plant or machinery used for the purposes of a trade, and they could not be regarded as justifying an allowance in respect of plant or machinery in a mill which has been closed as redundant.