§ 52. Sir B. PETOasked the Chancellor of the Exchequer the yield of the Betting Duty for the year ending 31st October, 1928, on the amount of racecourse betting at 2 per cent. and on starting-price betting at 3½ per cent., and the total turnover on which the duty has been paid in each ease?
§ Mr. CHURCHILLFor figures of the yield of the duty on bets at the different rates, I would refer my hon. Friend to the answer given to the hon. Member for the Central Division of Southwark (Mr. Day) on 19th November, and I would remind him that as from 1st October, 1928, the rates of duty were reduced from 3½ per cent. and 2 per cent. to 2 per cent. and 1 per cent. respectively. The net turnover corresponding to the yield at the different rates is as follows:—
| Rate. | Turnover. | |
| £ | ||
| 1 per cent. | … | 3,900,000 |
| 2 per cent. | … | 44,625,000 |
| 3½ per cent | … | 38,500,000 |
| Total | … | £87,025,000 |