§ Mr. Sheldonasked the Chancellor of the Exchequer what is the estimated yield of Corporation Tax at 35 per cent., 36 per cent., 37 per cent., 38 per cent., 39 per cent., and 40 per cent. and the estimated yield of Income Tax at the
UNITED KINGDOM OVERSEAS MILITARY EXPENDITURE INCLUDING DEFENCE AID* 1959–1964 1959 1960 1961 1962 1963 £ million 1964 Non-Sterling Countries North America … 3 3 6 6 2 15† Federal Republic of Germany … 27‡ 47‡ 60 68 77 85 Other Europe … 16 17 13 16 17 15 Other Countries … 6 6 8 6 7 7 52 73 87 96 103 122 Overseas Sterling Countries Mediterranean … 42 46 45 45 46 42 Middle East (including East Africa) … 17 24 33 35 35 38 Far East (excluding Hong Kong) … 44 46 52 52 64 77 Hong Kong … 8 8 10 9 9 10 Australia … 7 12 8 12 10 8 Other Countries … 3 4 4 6 1 8 121 140 152 159 165 183 Total … 173 213 239 255 268 305 * Expenditure in the invisibles account of the U.K. balance of payments. Defence aid includes gifts of military equipment and services provided free of charge. † Includes £9 million in respect of logistic support of Commonwealth Forces during the war in Korea. ‡ In 1959 and 1960 the Federal Republic of Germany made direct financial contributions to the support of the B.A.O.R. (£24 million and £12 million respectively).