§ 58. Lieut.-Commander KENWORTHYasked the Chancellor of the Exchequer if he can state what revenue is anticipated this year from the proposed tariffs on white spirit and turpentine?
§ Mr. PETHICK-LAWRENCEApproximately £500,000.
§ Lieut.-Commander KENWORTHYDid my hon. Friend remark the condemnation by the Chancellor of the Exchequer of the principle of these revenue tariffs in his Budget statement?
§ 59. Lieut.-Commander KENWORTHYasked the Chancellor of the Exchequer 1808 what total revenue was raised by the tariffs on turpentine and white spirits during the last financial year; and how much was given in rebate on exports containing these commodities?
§ Mr. PETHICK-LAWRENCEInformation is not available as to the precise amount of duty collected on "white spirit," as this commodity is not separately classified in the accounts but is included under the import list heading "Petroleum spirit, other than motor spirit." The approximate amounts of revenue collected on turpentine and petroleum spirit other than motor spirit, and of duty repaid by way of export drawback, during the year ended 31st March, 1931, were as follow:
— Net Revenue collected. Drawback. Net Receipt. £ £ £ Turpentine 101,500 19,600 81,900 Petroleum spirit other than motor spirit. 286,200 27,900 258,300 Total 387,700 47,500 340,200
§ Sir A. LAMBERT WARDIn view of the very small amount raised by the tax, would it not be advisable to do away with it and thus relieve trade of this impost?
§ Mr. PETHICK-LAWRENCEThat is a matter of argument which has been dealt with in the Debates on the Finance Bill.