§ 51. Mr. PERRYasked the Chancellor of the Exchequer if he will state the estimated cost to be borne by the State funds during the financial year 1930–31 under the derating scheme of 1929, and the estimated amount of relief to the coal industry, breweries and other industries, respectively?
§ The CHANCELLOR of the EXCHEQUER (Mr. Philip Snowden)The cost to State funds in 1930–31 of the derating scheme and the associated local government reforms, after deducting the saving from discontinued grants, is estimated at £34 millions. Some estimates were given by the late Government of the relief to certain industries. I have no later information on which to frame revised estimates.