§ 32. Mr. RATCLIFFE
asked the Chancellor of the Exchequer whether he is aware of the loss the users of real silk and rayon will have to bear owing to the reduction of import and Excise duties as from 1st July; if he is prepared to grant a rebate on stocks of raw material held by manufacturers; that the Leek Silk Dyers' and Manufacturers' Association throughout 1925 opposed the imposition of the raw material taxes; and what action he intends to take in view of these losses and the amount of revenue received by the Treasury from these taxes?
§ The CHANCELLOR of the EXCHEQUER (Mr. Chamberlain)
Representations have been made to me in regard to the position of holders of stocks of silk and artificial silk, but after careful consideration of the circumstances I do not feel able to make any concession. As regards the third part of the question, I am aware that in 1925 the Leek Manufacturers' and Dyers' Association, amongst others, opposed the imposition of 'the duties referred to.