§ Colonel WEDGWOODasked the Chancellor of the Exchequer what was the rental value, as defined in Section 20 of The Finance (1909–10) Act, 1910, of all rights to work minerals and all mineral wayleaves assessable to Mineral Rights Duty for the financial year 1922–23 in Great Britain and in Ireland, respectively; and what was the yield of that duty for that financial year in Great Britain and in Ireland, respectively?
§ Major BOYD-CARPENTERThe Exchequer receipt of Mineral Rights Duty in the financial year 1922–23 in Great Britain was £198,000. The rental value, as defined in Section 20 of the Finance (1909–10) Act, 1910, assessable for that year is approximately 20 times this sum, or £3,960,000. In Ireland this duty has been transferred to the Governments of Northern Ireland and the Irish Free State respectively. The amount involved is, however, trifling.