§ 97. Mr. W. R. Williamsasked the Secretary of State for the Colonies what contribution to the Colony's revenue is made by the oil industry of Trinidad apart from the payment of rents for Crown lands.
Mr. Creech JonesThe total payments under all heads of revenue made by the Trinidad oil industry to local revenues in 1945 was ․5,488,668.
Dollars. Custom Duties 636,035 Licences and internal revenue 120,448 Income Tax 3,076,581 Fees for specific services 10,331 Oil impost and operation fees 21,875 Miscellaneous 32,839 Oil Royalties 1,431,831 Prospecting licences and forest dues 30,935 Harbour and wharf dues 50,533 Railway freight and wayleave 77,260 5,488,668 In addition the Excise Duty on petroleum products, the greater part of which is passed on to purchasers, yielded 1,452,503 dollars.