Oxford University Press's failed 1944 application for exemption from wartime E.P.T. (Excess Profits Tax)

Letter from W. F. Martin of City 15 District to Chief Inspector, E.P.T., 2nd October 1945

scan

References: P.S.1496/44 B.12A.R. WFM/51/DJ

TO: C. I. (E.P.T.)

Oxford University Press

I am now in a position to report further on this case and would draw your attention to the notes of interview of 8.1.45. and 25.9.45. (Tabs and A & B).

A copy of the document referred to at the interview of 25.9.45. is tabbed C. At the interview I saw a photostatic copy of the original.

In my view Mr. Broad's suggestion should be accepted. I think it is quite clear that the monopoly had a value (other than a purely nominal one) at 1632 and I do not think we shall get nearer to it than the £200 per annum for which it was demised. What the capital value of £200 was in 1632 I cannot guess, but in view of the small effect on the standard, and having regard to the official desire to deal sympathetically with this case, I think the offer to treat the value of this asset at 1632 as £5000 should be accepted.

The case can then be speedily brought up to date.

The papers will presumably be referred to the Private Secretary to reply finally to Sir Alan Barlow's letter of 13.6.1944.

W. F. Martin

H.M. INSPECTOR

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