HC Deb 05 May 1930 vol 238 cc650-1W
Lieut.-Colonel GAULT

asked the Financial Secretary to the Treasury if he will give the estimated national revenue obtained from investments within the United Kingdom, investments in the overseas Dominions and Colonies, investments in foreign countries, together with the capital value involved; and will he state the respective Income Tax and Surtax derived from these sources of wealth for the fiscal years 1921 to 1930?

Mr. PETHICK-LAWRENCE

I regret that this information is not available. Certain classes of income received from abroad are summarised in the annual report of the Commissioners of Inland Revenue (paragraphs 45–50 of the 72nd Report—Cmd. 3500), but these are only a part of the total. An unofficial estimate of both capital and income of those external investments which are quoted on the Stock Exchange has been compiled by Sir Robert Kindersley (see "Economic Journal" for March, 1929), but this omits all those investments which are not so quoted. It is not possible to divide either of these figures between the oversea Dominions and Colonies on the one hand, and foreign countries on the other. Nor is it possible to say how much tax is derived from the income from external investments. Nor can particulars of investments in the United Kingdom be given.