§ 32. Sir P. HARRIS (for Mr. MALLALIEU)asked the Financial Secretary to the Treasury what was the amount of rebate of taxation received by the beet-sugar industry in each year from 1924 to 1933 and the estimate for 1934?
§ Mr. HORE-BELISHAAs the answer contains a number of figures, I propose to circulate it in the OFFICIAL REPORT.
§ Following is the answer:
§ The amounts received in rebate of taxation by the beet-sugar industry in each of the financial years from 1924–25 to 1933–34 respectively, representing the difference between the amount of duty received on sugar and molasses manufactured in this country from home-grown beet and the amount of duty which would have been received had duty been charged on a similar quantity of British refined sugar and molasses of foreign origin, are approximately as follow:—
Year ended 31st March. | £ |
1924–25 | 46,000 |
1925–26 | 213,000 |
1926–27 | 583,000 |
1927–28 | 761,000 |
1928–29 | 678,000 |
1929–30 | 1,017,000 |
1930–31 | 1,525,000 |
1931–32 | 1,193,000 |
1932–33 | 1,288,000 |
1933–34 (provisional) | 2,098,000 |
§ It is not possible to give the estimated amount for the current year in anticipation of the Budget statement.