§ The Committee will recall that with general approval the Purchase Tax on luxuries and non-essential goods was increased last year from 33⅓ per cent. to 66⅔ per cent. Even those who objected to the Purchase Tax in principle did not oppose further taxation on articles which cannot be regarded as essential under the conditions in which we are living to-day—such as ornaments, jewellery, silk dresses, fur coats and other things which are enumerated in the Seventh Schedule to last year's Finance Act. That taxation has not been without effect, but, even so, I think further action is necessary and desirable. I propose, therefore, to increase the tax on these articles from 66⅔ per cent. to 100 per cent. ad valorem. As last year, the increased taxation will apply to all such goods delivered after to-day, in order that forestalling may be avoided. Registered traders will again be given the right to adjust their contracts to meet the increased liability. The increase of the tax yield on this account will be of the order of £6,000,000 in a full year, but, having regard to the further concessions I have made on utility goods, the total yield of the tax is unaffected.