§ 75. Mr. Lewisasked the Chancellor of the Exchequer by how much he estimates that the present rate of Surtax would have to be increased to ensure an additional annual revenue of £63 million, £76 million, and £127 million, respectively.
Mr. AmoryAssuming that the top rate were left at its present level of 10s. in the £, all other rates would have to be increased by over one-half, over two-thirds and about one and a half times respectively. The maximum rate of 10s. would then become payable at £6,000, £6,000 and £4,000, respectively.