HC Deb 06 May 1924 vol 173 c223
67. Sir W. de FRECE

asked the Chancellor of the Exchequer how much duty is expected to be raised this year by the differential duty on China tea; whether dealers in British Empire tea have expressed any desire for the retention of the protection afforded; and if he is aware of the large profits now made in this commodity?

Mr. SNOWDEN

The differential duty of ⅔d. per lb. on China tea is estimated to produce about £31,000 in the current financial year. The answer to the second part of the question is in the negative. As regards the third part, I understand that tea-producing companies are enjoying considerable prosperity.