§ The Betting Tax is the only optional or luxury tax I shall put forward at the present time. There will be a duty on imported wrapping paper, to which the House has already been introduced. which was temporarily omitted from the Safeguarding of Industries Bill last autumn on account of pressure of Parliamentary time and is now to be included in the Budget. It will be chargeable as from 1st May at 16⅔ per cent. ad valorem, and it is estimated to yield £400,000 this year and £550,000 in a full year.