§ 62. Mr. T. Williamsasked the Secretary for Mines the gross receipts for coal royalties for each of the last five years, and the net receipts after payments of statutory levies and other charges against royalties, except Income Tax?
§ Commander SouthbyAs the reply contains a number of figures, I will, with the hon. Member's permission, circulate it in the OFFICIAL REPORT.
§ Following is the reply:
§ The estimated amounts paid by colliery owners in Great Britain in royalties and wayleaves (including the rental value of freehold mineral where worked by the proprietors) during the years 1932 to 1936 are as follow:
Year. | Amount. |
£ | |
1932 | 4,828,000 |
1933 | 4,821,000 |
1934 | 5,016,000 |
1935 | 4,990,000 |
1936 | 5,027,000 (revised figure) |
§ I regret that detailed particulars of net receipts are not available but the hon. Member will be aware that for the purposes of the recent arbitration as to the amount of compensation to be paid in the event of the statutory unification of coal royalties, the average net annual income during the seven years 1928–34 was agreed by the two sides at £4,430,000.