§ Mr. JOYNSON-HICKSasked whether, having regard to the fact that existing 23 licence duties do not expire until 10th October, and by the provisions of the Finance Act the new licences are to be taken out on 1st October, the loss in the value of such unexpired licences on the existing number of 87,000 public-houses in the United Kingdom will mean a loss of about £50,000 to the licensed trade; and whether the right hon. Gentleman will take steps to make an adjustment or rebate in respect of such 10 days?
§ Mr. HOBHOUSEThe greatest possible loss in respect of any one licence would be less than £2, but the aggregate figures quoted by the hon. Member appear to be substantially correct. My right hon. Friend will consider the desirability of making an adjustment in this respect.