§ Mr. Palingasked the Chancellor of the Exchequer whether he will state the profits of breweries for the year ended 31st March, 1938, as computed for Income Tax purposes, less the amounts allowed for wear and tear of machinery, and including profits arising from the carrying on of any trade auxiliary to the main business?
§ Sir J. SimonThe profits of brewing concerns for accounting years ended in the Income Tax year 1937–38 are estimated at £31,500,000 after allowance for wear and tear of plant and machinery, but before making any allowance for National Defence Contribution. This figure includes profits arising from trade ancillary to the main business.