§ On and after the first day of October, nineteen hundred and nineteen, Section one of the Finance (New Duties) Act, 1916 as amended 556 by Section three of the Finance Act, 1917, and Section eleven of the Finance Act, 1918 shall have effect as if for the words —
|"exceeds 4d. and does not exceed. 7d.||two pence."|
§ there were substituted the words—
|"exceeds 4d. and does not exceed 4½d.||one penny and a halfpenny|
|exceeds 4½d. and does not exceed 7d.||two pence."|
§ Brought up, and read the first time.
§ Mr. NEWBOULD
I beg to move,That the Clause be read a second time.I believe this Clause has been accepted by the Chancellor of the Exchequer, and I formally move it in order to take the opportunity of thanking him for the consideration he has given to the matter. I thank him on behalf of the industry for the concession, which will be greatly appreciated by the industry, without, I think, causing much loss of revenue to the Exchequer. I can very well forgive him refusing something smaller.
I think that the suggestion the hon. Member has made is an improvement. The revenue will lose no money; the owners of these picture palaces will be enabled to arrange the prices of their seats more conveniently, and I think he has hit on a happy solution with which everyone will be satisfied. I agree to the Clause.
§ Question put, and agreed to.
§ Clause accordingly read a second time and added to the Bill.