Finance Bill (Loss of Revenue).

HC Deb 11 December 1911 vol 32 c1889

Mr. PETO

asked the estimated loss of revenue which will be due to the operation of Clause 2 of the Finance Bill, giving separate figure for loss under Sub-section (1) and under Sub-section (2).

Mr. LLOYD GEORGE

The estimated loss of revenue for a complete year is £100,000, namely:—

• £70,000 under Sub-section (1)
• £30,000 under Sub-section (2)