§ 35. Captain KNATCHBULLasked the Chancellor of the Exchequer what revenue would be derived from a tax of 953 half-a-crown on all bicycles in use in Great Britain; and whether the expenses of collecting such a tax would be such as to absorb any appreciable part of the proceeds?
Mr. CHAMBERLAINThe information available is not sufficient to enable me to answer either part of the question precisely; but it is safe to say 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