§ 59. Mr. Errollasked the Chancellor of the Exchequer what was the annual yield from the tax on turpentine used for medicinal purposes; and what is the estimated yield at the new rate.
§ Sir S. CrippsThe receipts of Hydrocarbon Oil Duty paid on turpentine used for medicinal purposes are not separately recorded, but I understand that the yield from the duty on turpentine used for this purpose at 1s. 6d. a gallon will be between £3,000 and £4,000 a year.
§ Mr. ErrollAs the amount is so small, would the Chancellor consider removing the duty altogether from this class of oil?
§ Sir S. CrippsThat seems to me to be a matter for discussion on the Finance Bill.