asked the Chancellor of the Exchequer whether it is the intention of the Government to give effect to the recommendation of the Royal Commission on income Tax, 1019, that all income derived by co-operative societies from invested funds should be subject to taxation, irrespective of the particular mode of investment; and if he can state the estimated loss to the revenue during the present financial year resulting from the exemption indicated?

My hon. Friend will not expect me, in a matter of this kind, to anticipate my Budget statement.

I hope my right hon. Friend will give careful consideration to this question.

Is the right hon. Gentleman aware that the hon. Member who put this question down is probably a to-operative organiser?