§ 54. Brigadier-General Sir HENRY CROFTasked the Chancellor of the Exchequer the net revenue received from Customs Duties on beer for the 11 months ended February 1932, and for the 11 months ended February 1933; and the net receipts from excise duties on beer for the same period?
§ The CHANCELLOR of the EXCHEQUER (Mr. Chamberlain)As the 2131 answer involves a table of figures, I will with my hon. and gallant Friend's permission, circulate it in the OFFICIAL REPORT.
§ Following is the answer:
§ The net amount of revenue received from the Customs and Excise Duties respectively on beer during the 11 months ended February in each of the years 1932 and 1933 was as follows:
| — | 11 months to February, 1932 | 11 months to February, 1933. | |
| £ | £ | ||
| Customs | … | 5,903,000 | 6,073,000* |
| Excise | … | 64,006,000 | 63,388,000* |
| Total | … | 69,909,000 | 69,461,000* |
| Provisional figures. |
§ 55. Sir H. CROFTasked the Chancellor of the Exchequer whether he is aware that the profits of the brewing industry have fallen in the last calendar year by from 26 per cent. to 30 per cent. and that profits have still further declined as disclosed by interim dividends; and whether he will take steps to relieve the industry of the burden imposed by recent taxation?
§ Mr. CHAMBERLAINI am aware that declared profits in the brewing industry have fallen, but I must not be taken as necessarily accepting the figures quoted by my hon. and gallant Friend. As regards the second part of the question, my hon. and gallant Friend will not expect, me to anticipate the Budget statement.
§ Sir H. CROFTMay I ask my right hon. Friend if the lower figure is the correct one, how long it will take before all profits disappear under the existing taxation?