§ 46. Mr. LAWSONasked the Chancellor of the Exchequer the estimated annual cost to the Exchequer owing to loss of revenue through the concession on oil; and also the amount of the loan for the building of the "Queen Mary"?
§ The CHANCELLOR of the EXCHEQUER (Mr. Chamberlain)I understand that the first part of this question refers to the cost of relieving vessels on voyages in home waters from the duty on oil fuel, as provided by Section 7 of the Finance Act, 1933; the cost in the 12 months ended 30th September last was 962 £139,000. In reply to the second part of the question, the maximum of the advances which the Treasury may be called upon to make for the completion of the "Queen Mary" is £3,000,000.