§ 69. Commander BELLAIRSasked the Chancellor of the Exchequer whether cotton treated with chemicals and mercerised cottons are to be classed as artificial silk for the purpose of taxation?
Mr. GUINNESSWe propose to tax the article which is known commercially as artificial silk. Mercerised cotton will not, therefore, be taxed, nor will cotton fibre unless converted into artificial silk
§ Commander BELLAIRSIs the right hon. Gentleman aware that some articles are not known as artificial silk? The product of the British Celanese Company is not known as artificial silk and is never described as artificial silk, but is chemically treated cotton?
Mr. GUINNESSThat matter will, no doubt, be discussed this afternoon, and I think that will be a more suitable occasion to deal with the point
§ Lieut.-Commander KENWORTHYIf the trade changes the name of this product, what will the right hon. Gentleman do then?
Mr. GUINNESSOh, changing the name of the product would no more affect its liability to duty than changing the name of sugar or tobacco
§ 70. Commander BELLAIRSasked the Chancellor of the Exchequer how much 1445 of the anticipated revenue of £1,500,000 from the artificial silk tax this year is from Customs and how much from Excise, respectively, and how much in the full year out of the £2,500,000 anticipated?
| Estimated | Revenue | |
| 1925–26 | Full year | |
| £ | £ | |
| Customs | 600,000 | 1,000,000 |
| Excise | 900,000 | 1,500,000 |
| 1,500,000 | 2,500,000 |