§ In reply to Mr. SAMUDA,
§ THE CHANCELLOR OF THE EXCHEQUERsaid: After the fullest consideration I have been able to give to the subject, I do not see in what way I can meet the wishes of those sugar refiners whom my hon. Friend represents. If we postpone further the abolition of the duty on refined sugar we shall necessarily inflict a loss on a considerable number of persons who have made arrangements in the expectation that the duty is to come off on the 21st of May. I With regard to making a distinction between loaf and crystallized sugar, it is impossible to do so, in consequence of our treaties with foreign countries; and with respect to other means of compen- 991 sating gentlemen for loss there is none, unless the Treasury repay them for stocks in hand, and that would be far too serious an operation to undertake.