§ 46. Mr. LAWSON
asked 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.