§ 25. Mr. MAGNAYasked the Chancellor of the Exchequer if he is aware that before the Empire Theatre, Gateshead, could be reopened on the 5th March, 1934, the lessees were required by His Majesty's Customs to deposit cash for £365, and would not accept a banker's bond; and under what Act or regulation is this exacted?
§ Mr. HORE-BELISHAI am informed that it is not the case that the Customs and Excise Department would not accept a bond in the circumstances mentioned. A bond was duly sent for signature by the principal, but as the bond was not returned completed before the 5th March a deposit of £350 was required as alternative security for the duty. This deposit will, of course, be refunded as soon as the bond is returned completed. With regard to the second part of the question, I would refer my hon. Friend to Section 1 (2) of the Finance (New Duties) Act, 1916, and to Regulation 14 of the Entertainments Duty Regulations, 1921.