§ 48. Sir Ronald Rossasked the Chancellor of the Exchequer the approximate amount of Entertainments Duty realised from the Oxford and Cambridge boat race; and at what rate the university boat clubs concerned are charged Purchase Tax on their boats and oars.
§ 53. Sir Wavell Wakefieldasked the Chancellor of the Exchequer the amount of revenue accruing to the Exchequer on account of entertainment and other tax due to the Oxford and Cambridge boat race.
§ Mr. DaltonThe amount of Entertainments Duty received was about £700. The boats and oars pay Purchase Tax at the rate of 33⅓ per cent. of their wholesale value.
§ Sir R. RossDoes not the Chancellor recollect that undergraduates are not wealthy people, and is it fair that, when this great national event secures the Government £700, they should be taxed on the necessary boats?
§ Mr. DaltonThe arrangements regarding Entertainments Duty have been unchanged since 1922. With regard to the Purchase Tax, my hon. Friend will not expect me to anticipate my Budget this afternoon.
§ Sir W. WakefieldIs the Chancellor aware that rowing may stop at Oxford and Cambridge due to the high cost of boats, and will he, between now and making his Budget statement, give consideration to the remission of the Entertainment Tax, if he has not already done so?