HC Deb 06 May 1841 vol 57 c1493
Mr. G. Palmer

wished to learn from the right hon. Gentleman why the present mode of ascertaining the Value of Exports and Imports was preserved, and what was the difference between the Official and the Declared Value.

Mr. Labouchere

said, that with regard to the manner of making out the official value in the Customs, as calculated in the returns, he believed, that the data on which they were calculated had been the same for the last 150 years. Those data did not represent actual value, but quantities. With regard to the declared value, it was stated on the declaration of the exporting merchant, or broker on oath.