Excess Profits Tax (Home-Grown Timber Industry).

Oral Answers to Questions — National Finance. – in the House of Commons on 26th March 1942.

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Mrs. Rathbone:

asked the Chancellor of the Exchequer whether he will grant an increase in the Excess Profits Tax pre-war standard, under Section 13 of the Finance (No. 2) Act, 1940, to the home-grown timber industry similar to that already granted in the case of mines, quarries and oil-wells?

Photo of Captain Harry Crookshank Captain Harry Crookshank , Gainsborough

My right hon. Friend regrets he cannot see his way to adopt my hon. Friend's suggestion.

Mrs. Rathbone:

In view of the concession already made to mines, quarries and oil-wells does not my right hon. and gallant Friend think that the same should apply to timber, stocks of which are being slowly drained?