§ 49. Lieut.-Commander KENWORTHY
asked the Chancellor of the Exchequer if he will state what yield he anticipates during the present financial year from the existing tax on imports of turpentine and white spirit?
§ The CHANCELLOR of the EXCHEQUER (Mr. Philip Snowden)
I can only refer my hon. and gallant Friend to the reply on this matter given him by the Financial Secretary on the 8th April.
§ Lieut.-Commander KENWORTHY
Is the right hon. Gentleman aware that the figures given to me were disputed by those in the trade who actually import the articles—that they are far too high?
§ Mr. SNOWDEN
No, I have no knowledge of that fact. My hon. and gallant Friend may take it that the reply that was given to him on the 8th of April was drawn up according to the best calculations. It was to the effect that the best calculations which could be made showed £500,000 and £600,000, and it is likely to be accurate.
§ Rear-Admiral BEAMISH
Can the right hon. Gentleman say whether the users of this turpentine and white spirit in Continental countries are enabled to get a rebate?