§ 69. Sir ARNOLD GRIDLEYasked the Chancellor of the Exchequer the present approximate annual cost of industrial subsidies and the annual revenue from import duties?
§ Mr. W. S. MORRISONThe approximate cost of industrial (including agricultural) subsidies for the current year is £11,323,000. The revenue from import duties under the Import Duties Act, 1932, collected in the year 1935–36 was £24,661,205.
§ Sir A. GRIDLEYDoes my hon. and learned Friend not think that this is a very small cost at which to replace 1,400,000 people in work?