§ 42. Mr. MABANEasked the Chancellor of the Exchequer whether he has prepared a revised estimate of the yield of the proposed tax on co-operative societies in accordance with the terms of the new Clause proposed to be added to the Finance Bill; whether he can state what that revised estimate is; and how it compares with the original estimates submitted to the House?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Hore-Belisha)As explained in the footnote on page 22 of the White Paper relating to the Financial Statement the estimates origiNaily submitted were based upon the adoption of the full recommendations of the Raeburn Report. The new Clause carries out these recommendations and no alteration of the original estimates is necessary.
§ Mr. MANDERIs there an estimate of the revenue that could be obtained if the services were paid out of "divi's."?