Capital Equipment (Leasing)

HC Deb 07 March 1973 vol 852 cc165-6W

Mr. McMaster

asked the Chancellor of the Exchequer what representations he has received from the shipping industry in the last 12 months about the leasing arrangements which make it possible for tax allowance on capital equipment to be fully utilised in ways which encourage investments.

Mr. Nott

My right hon. Friend has had representations from the Chamber of Shipping of the importance of such leasing arrangements to the shipping industry.

Mr. McMaster

asked the Chancellor of the Exchequer what representations he has received from the aircraft industry within the last 12 months about the leasing arrangements which make it possible for tax allowance on capital equipment to be fully utilised in ways which encourage new capital investments.

Mr. Nott

None.

date, for the United States of America, France, West Germany, and Japan.

Mr. Nott

The information is given in the following table.

mand Paper No. 5247, "The Price and Pay Code, A Consultative Document".

Mr. Nott

The estimates that we have are shown in the following table. I must emphasise that they are very approximate.