§ Mr. A. NEAL
I have been asked to reply to this question. The estimated yield of Income Tax (including Super-tax) for 1920–21 at a standard rate of 6s. is £385,000,000, as shown in Table XII of the Financial Statement, 1920–21 (House of Commons Paper 70). On this basis, one-sixteenth of a penny would represent £334,890. The Ministry of Transport estimates covering the whole provision for administrative expenses is £323,642, including the cost of performing the duties transferred from the Board of Trade and other permanent Departments.