§ MR. ORR-EWINGasked Mr. Chancellor of the Exchequer, Whether his estimate of £900,000, being the yearly increased revenue from spirits by the increased Duty of two shillings per gallon, is accurate, as the estimated reduced consumption of 32,000,000 of gallons will yield an increase of £3,200,000?
§ MR. HIBBERT (for Mr. CHILDERS)The hon. Member has misunderstood the basis of my right hon. Friend's Estimate. The comparison was between the yield of the Spirit Duty at the old rate on the quantity which would have been consumed at that rate, and 141 the yield of the increased duty on the reduced consumption expected to occur under the new rate. The figure of £900,000 was arrived at by setting the gain due to the increased duty against the loss arising from the reduction of the quantity paying duty, allowance being made for the fact that the change did not come into force until May 1.