HC Deb 22 April 1947 vol 436 cc816-7

5. "That as from the first day of May, nineteen hundred and forty-seven—

  1. (a) the duties of excise on artificial silk singles yarn or straw and on a licence to be 817 taken out annually by a manufacturer of artificial silk yarn shall cease to be chargeable; and
  2. (b) the rates of duties of customs chargeable under Section four of the Finance Act, 1925, in respect of artificial silk yarn and tissues shall be reduced by sixpence and shall be as follows, that is to say:

artificial silk yarn … the lb. … 9d.
artificial silk tissues … the lb. … 11d.,

and the Silk Duties (No. 1) Order, 1934, shall have effect subject to the following amendments of Part II of the First Schedule to that Order (which sets out the rates of duties of customs on certain articles made wholly or partly of artificial silk), that is to say:

in the second column—

  1. (i) for the words' An amount equal to 43⅓ per cent. of the value of the article or an amount calculated at the rate of 5s. the pound on the weight of the article, whichever is the greater 'there shall be substituted the words' An amount equal to 42 per cent. of the value of the article or an amount calculated at the rate of 4s. 8d. the pound on the weight of the article, whichever is the greater'; and
  2. (ii) for the words An amount equal to 43⅓per cent. of the value of the article 'where they last occur in that column there shall be substituted the words' Where any component is silk, an amount equal to 43⅓per cent. of the value of the article and where no component is silk, an amount equal to 42 per cent. of the value of the article ',
and Section nine of the Finance Act, 1933, shall have effect as if the preceding provisions of this paragraph of this Resolution were contained in an order made under that section:

Provided that nothing in this Resolution shall affect any drawback of duty allowable in respect of artificial silk or any article made wholly or in part of artificial silk where the duty became chargeable on the artificial silk whether before or after the passing of this Resolution and before the said first day of May, nineteen hundred and forty-seven,

And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1913."