§ 54. Sir A. Southby
asked the Chancellor of the Exchequer whether secondhand jewellery pays the 100 per cent. Purchase Tax?
§ Sir K. Wood
Yes, Sir, where it forms the subject of a taxable purchase; but many transactions are, of course, not of "a wholesale character."
§ Sir A. Southby
Is my right hon. Friend aware of the enormous trade which is being done in uncut and unset stones, many of the latter obtained from broken-up second-hand jewellery?