Captain FABERasked the Chancellor of the Exchequer if he will state what was the cost of the licence paid for the "Coach and Horses" public-house at Portsmouth, when owned by the Government; and what will be the cost of the licence under the new Budget scheme, seeing that the house was sold for £10,000?
§ The CHANCELLOR of the EXCHEQUER (Mr. Lloyd-George)The annual value of the house for the purpose of licence duty, when it was owned by the Government, was £152. The licence duty paid on this value was £30. Under my proposals, if the value remains the same, the duty will be £76.
§ Mr. LLOYD-GEORGEI cannot see how it can possibly be £570, if the annual value is £152 and the charge 50 per cent. The hon. Member can work the sum as well as I can.
§ Mr. LLOYD-GEORGEThat is what the owner says. I can only give the information supplied to me, that the annual value of the house for the purpose of the licence is £152.
§ Mr. AUSTEN CHAMBERLAINWill the annual value remain the same under the right hon. Gentleman's proposal?
§ Mr. LLOYD-GEORGECertainly. I explained to the House that there will be a revaluation, and when I get the revaluation I mean to recast the scale.
§ Major ANSTRUTHER-GRAYWill the right hon. Gentleman receive a deputation on the subject?