§ MR. MCARTHUR (Liverpool, Kirkdale)To ask Mr. Chancellor of the Exchequer what amount does he estimate would be required to admit of a rebate being granted equal to the difference between the old and new duties on stocks of duty-paid foreign refined sugar, glucose, and invert sugar, respectively, lying in public warehouses or depots on 7th May last; and what is the basis of his estimate in each case.
(Answered by Mr. Lloyd-George.) It is estimated that the amount required to admit of the grant of a rebate equal to the difference between the old and new duties on stocks of sugar, on which duty has been paid at the higher rate, would be a sum approaching £200,000. The inclusion of stocks of glucose and invert sugar would of course increase this sum, and the further extension of the rebate to stocks of manufactured goods containing sugar and glucose on which the
§ Cattle Market. The other prices asked for are as follows:—
§ higher rate of duty had been paid, would entail a further considerable increase, bringing the amount up to a total probably not less than £300,000. The estimate is based on inquiries and calculations made by my official advisers.