§ 54. Mr. HOLDSWORTHasked the Chancellor of the Exchequer the amount of Customs revenue and Excise revenue obtained in the financial year 1933–34 from the duties on heavy hydrocarbon oils, specifying separately the amount obtained in respect of kerosene, lubricating oil, gas oil, and fuel oil?
Mr. CHAMBERLAINAs the answer involves a number of figures, I will, with the hon. Member's permission, circulate it in the OFFICIAL REPORT.
§ Following is the answer.
§ The amounts of Customs revenue and Excise revenue obtained from the duties on heavy hydrocarbon oils during the financial year 1933–34 were approximately as follow:
| £ | |
| Customs revenue | 2,212,000 |
| Excise revenue | 588,000 |
§ The Customs duty is levied at the uniform rate of 1d. per gallon on all heavy hydrocarbon oils, and no statutory definitions of the various descriptions specified in the question exist or are necessary for revenue purposes. According, however, to the trade descriptions furnished by importers and refiners on Customs entries and home consumption warrants, the Customs revenue from these specified descriptions was approximately as follows:
| £ | |
| Lamp oil (kerosene) | 674,000 |
| Lubricating oil | 368,000 |
| Gas oil | 297,000 |
| Fuel oil | 844,000 |
§ No similar information exists in respect of the temporary Excise duty imposed at the uniform rate of 1d. per gallon on stocks of heavy petroleum oils held on 25th April, 1933.