§ Colonel Burtonasked the Chancellor of the Exchequer the total amount paid to the agricultural industry as ploughing up bonus; and what proportion is due to be or has been repaid in taxes since the inception of the scheme.
§ Sir J. AndersonUp to 31st March this year, the total sum paid to the agricultural industry as ploughing up grants amounted to £14,997,941. As regards the second part of the Question, the ploughing subsidy comes into trading receipts and therefore contributes to taxable profits where the liability to tax is computed by reference to the profits; but the tax payable, depending as it does upon the profit on the one hand and the personal allowances to which the farmer may be entitled on the other hand, cannot be related to any particular trading receipt such as the ploughing subsidy.