§ 56. Sir T. Mooreasked the Chancellor of the Exchequer what saving in dollars does he anticipate will be effected by his action in regard to the import of American films.
§ Mr. DaltonDollar remittances for films have been running at about £17 million a year. The Duty aims at cutting this by 75 per cent., but the full saving will not accrue at once.
§ 57. Sir W. Smithersasked the Chancellor of the Exchequer, in view of the fact that internal revenues equal to £83,000,000 annually are received in Britain from the showing of American films, if he will give an estimate of the effect on revenue if the American film industry sends no more films to Britain.
§ Mr. DaltonI do not know how the hon. Member arrives at the figure of £83 million, and I cannot forecast the effect of the cut in American films on attendance at British cinemas.