§ 48. Mr. HANNONasked the Chancellor of the Exchequer the value of the Empire produce imported into the United Kingdom during the financial year 1076 ended 31st March, 1929, which was charged at preferential rates of duty; and what was the total reduction in duty resulting from the fact that preferential and not full rates were charged?
§ Mr. P. SNOWDENIt is not possible to give the value of Empire produce delivered for home consumption at preferential rates of duty, as the figures are not available. The total net reduction in duty in respect of goods delivered for home consumption at preferential rates of duty during the year ended 31st March, 1929, after deducting the amounts repaid in respect of goods exported on drawback, was approximately £7,975,000.