HC Deb 11 April 1927 vol 205 c95
An HON. MEMBER

We have now accomplished about half of our laborious climb, and perhaps it will be with a sense of refreshment that the Committee will receive my next proposal—Beer! The Committee will remember that last year I reduced the period of credit allowed to brewers for the payment of duty from three months to two. This has provided £5,200,000 for the Exchequer. It was suggested to me last year that the second month's credit could equally have been withdrawn. I thought, however, that it was better to take one step at a time—to take two bites to a cherry—to see what the results were, and to leave the second month's credit available for an hour of greater need. Only too soon has that hour come. I propose to reduce the brewers' credit from two months to one. I wish to acknowledge the assistance I have received from the brewers and the admirable attitude which the representatives of the trade have maintained in the face of the heavy, though not perhaps entirely unexpected, burden laid upon them in two successive years. I have arranged that the extra month's duty this year may be paid in six monthly instalments, the first of which will not become due until October next. In this way I am led to believe that the burden will be imposed, at any rate, in its least onerous form, and I estimate that this reduction of the brewers' credit will produce exactly £5,000,000.