§ 36. Sir F. WISEasked the Chancellor of the Exchequer what is the official estimate of the percentage of direct to indirect taxes according to the new Budget?
§ Mr. CHURCHILLThe proportions are as follow: Direct taxes, 63.44 per cent. Indirect taxes, 36.56 per cent., but of this figure Sumptuary Taxes account for 31.58 per cent. These include, among other things, the shortening of the brewers' credits.
§ Mr. A. V. ALEXANDERDoes the right hon. Gentleman's estimate include Stamp Duties or Motor Vehicle Duties?
§ Mr. CHURCHILLIt does not include Stamp Duties, but it includes the McKenna Duties—not the Motor Vehicle Duties which are paid for the load Fund.
§ Mr. SNOWDENAre the Stamp Duties included under the heading of direct taxation?
§ Mr. CHURCHILLYes, Sir.