§ Mr. CLOUGHasked the Chancellor of the Exchequer what were the total amounts received by the Treasury from one penny of the Tea Duty, from one farthing of the Sugar Tax, and from one penny of the Income Tax in the years 1905 and 1912?
§ Mr. LLOYD GEORGEThe receipts from the Tea Duty in 1904–5 were:—
£ At 6d. per lb. … … 306,079 At 8d. per lb. … … 7,965,787 and in 1911–12— At 5d. per lb. … … 6,159,070 If these amounts are divided by the number of pence in the duty, the average produce of a penny works out at £1,047,000 in 1904–5 and £1,232,000 in 1911–12. The receipts from the duty on sugar (including glucose, molasses, and saccharin) were £6,203,628 (duty 4s. 2d.) in 1904–5 and £3,127,024 (duty 1s. 10d.) in 1911–12. If these are divided by the number of farthings in the duty, namely, 200 in 1905 and 88 in 1912, the average produce of a farthing works out at £31,000 in 1904–5 and £36,000 in 1911–12. The net produce per penny of the Income Tax for the years 1904–5 and 1911–12 is as follows:—
£ 1904–5 … 2,580,533 1911–12 (approximate) … 2,807,000