§ Mr. PERKINSasked the Chancellor of the Exchequer whether he is aware that some manufacturers are unwilling to extend their business owing to the high rates of Income Tax and Sur-tax; and whether he will consider the question of allowing some concession to profits earned by a new business for the first five years?
Mr. CHAMBERLAINI am afraid that high taxation is not the sole obstacle to expansion of industry. In any case I could hold out no hope of adopting my hon. Friend's suggestion.