BETTING DUTY. (Hansard, 13 July 1927)

§ 43. Colonel DAY
asked the Chancellor of the Exchequer whether he will give the Betting Duty yield for the month of June?

§ The FINANCIAL SECRETARY to the TREASURY (Mr. Ronald McNeill)
The revenue derived from betting taxation during the month of June was £356,920.

§ Colonel DAY
Can the right hon. Gentleman say whether an examination of all the figures is taking place with the object of varying this duty later?

§ Mr. McNEILL
I could not say that; I do not know.

§ Mr. HURD
Could the right hon. Gentleman tell the House if the result is up to expectations?

§ Mr. McNEILL
As my right hon. Friend has explained, there was very little expectation—it was all experiment—but we are satisfied with the very substantial revenue derived from this duty.