§ 44. Sir PERCY HURD
asked the Financial Secretary to the Treasury what revenue would be obtained from a tax of 2s. 6d. on bicycles; and whether any proposal for the taxation of bicycles has been under consideration?
§ Major ELLIOT
As indicated in the answer given on the 3rd May by my right hon. Friend to the hon. and gallant Member for the Ashford Division (Captain Knatchbull), the information available is not sufficient to enable me to estimate the revenue which would be derived from a tax of 2s. 6d. on bicycles. It is safe to say, however, that the cost of collection and administration of such a tax would be comparatively high and the net yield, after allowing for probable exemptions and withdrawals from use, comparatively small.