§ Mr. LAURENCE HARDYasked the Chancellor of the Exchequer whether he can give an estimate of the amount of revenue which he will lose through the abandonment, respectively, of the Ungotten Mineral Duty, the Reversion Duty on minerals, and the Increment Value Duty on all existing mineral leases on working minerals during this financial year?
§ The CHANCELLOR of the EXCHEQUER (Mr. Lloyd-George)The yield of the Ungotten Mineral Duty was estimated at £175,000 for the current 1923 financial year. No separate estimate in regard to minerals was made in the case of either the Reversion Duty or the Increment Value Duty.