§ Sir G. Schusterasked the Chancellor of the Exchequer whether his Budget proposals for allowance for Income Tax purposes in respect of post-war industrial expenditure will extend to any such expenditure that may now be incurred on post-war account.
§ Sir J. AndersonMy attention has been drawn to cases now arising in which expenditure on post-war equipment or reconstruction of the kind that would rank for initial allowance under the Budget proposals, may have to be incurred before the termination of hostilities. I intend in the legislation giving effect to the Budget proposals to ensure that such cases will not be prejudiced and to provide accordingly that the expenditure will rank for allowance as from the date when the allowance generally comes into force.