HC Deb 04 May 1926 vol 195 c201
50. Sir H. BRITTAIN

asked the Chancellor of the Exchequer whether, for the purpose of assisting British-made motor cars to compete successfully in the Dominions and elsewhere, he will consider a revision of the present form of horse-power taxation?

Mr. CHURCHILL

I would refer my hon. Friend to what I said on this subject in the Budget statement.

Sir H. BRITTAIN

Is not this horsepower tax the greatest handicap to trade from the point of view of British manufacturers?

Mr. CHURCHILL

I made some reference to that Budget statement

Article. Average declared Values of Imports. Fully duty leviable thereon at the rate of 33⅓ per cent.
January-March, 1924. January-March, 1925. January-March, 1926. January-March, 1924. January-March, 1925. January-March, 1926.
Each. Each. Each. Each. Each. Each.
s. d. s. d. s. d. s. d. s. d. s. d.
Clocks, complete 3 5 3 10 3 8 1 2 Free 1 3
Watches, complete—
With gold cases 22 8 21 7 20 9 7 7 Free 6 11
With silver cases 6 8 8 0 8 2 2 3 Free 2 9
With cases of other metals 2 6 3 1 2 6 10 Free 10