§ Mr. J. Hudsonasked the Chancellor of the Exchequer what were the annual profits of the licensed trade for the year ended December, 1939; and for each subsequent year to December, 1947.
§ Mr. Glenvil Hallpursuant to his reply [OFFICIAL REPORT, 27th April, 1948, Vol. 450, c. 211], supplied the following information:
The following table gives the profits of the brewers for accounting years ending in the Income Tax years 1938–39 to 1946–47. The profits are after allowance for wear and tear of plant and machinery and after deducting National Defence Contribution, Excess Profits Tax and Profits Tax payable. The figures include profits arising from trade ancillary to the main business.
Year Profit 1938–39 … … £27,000,000 1939–40 … … £27,500,000 1940–41 … … £28,500,000 1941–42 … … £32,500,000 1942–43 … … £32,500,000 1943–44 … … £34,500,000 1944–45 … … £39,000,000 1945–46 … … £41,500,000 1946–47 … … £49,000,000