Former MP for Spen Valley
The figures are, for the year ended March, 1937, £483,842,726; for the year ended March, 1938, £529;634;963; and for the year ended March, 1939, £584,854,033.
Yes, the hon. Member may be assured that we may be able to carry on the story for a few more years.
I think that the figures of actual subscriptions to Savings Certificates are of general interest, and I should not like to discontinue publication in their present form. Information as to the principal of certificates paid off is, of course, available with weekly Exchequer Accounts: these latter figures are of very much smaller order.
Such figures are not, I think, so immediately available. I dare say that the hon. Member will remember that in my Budget speech I was careful to make clear by how much receipts during the year as a whole exceeded repayments.
No, Sir. Income Tax paid by a company in respect of directors' or employés'remuneration is regarded for Income Tax purposes as additional remuneration of the director or employé and is assessed as such. In effect, therefore, the tax is paid out of the director's or employé's income for Income Tax purposes and unless the personal allowances to which the director or employé is entitled have...
Profits made by a co-operative factory are, like the profits of any other manufacturer, chargeable to Income Tax whether arising from sales to the Government or from sales to any other person.
Conditions in the United States and in this country are of course by no means the same, but the matter will be examined when documents are available. The opinions in question were, I gather, expressed by the Federal Advisory Council, not by the Federal Reserve Board.
For Treasury Bills issued from 1st September, 1939, to 4th May, 1940, as a result of public tender the average rate was £1 9s. 6d. and the total amount of interest paid was £7,225,957. For the period from 1st September, 1938, to 4th May, 1939, the corresponding figures were 15s. 10d. and £2,359,224.
