§ 34. Mr. Rankin
asked the Chancellor of the Exchequer what would be the cost of total abolition of the cinema tax calculated on the present basis of attendance at cinemas.
§ Mr. Rankin
Is the hon. and learned Gentleman aware that the President of the Board of Trade, in a written reply to me earlier this week, said that the Government expected that cinema attendances would be down by 18 per cent. for 1957? Would that not then represent a fall in taxation yield of about £5 million and therefore represent a recruitment to the Exchequer of £25 million? Can the Chancellor do proportion, and is my proportion correct?