§ Mr. BOTTOMLEYasked the Chancellor of the Exchequer whether his Budget estimate of the probable yield of the new duty upon sparkling wines is being realised; and, if not, will he consider the propriety of abolishing the ad valorem duty upon such wines?
Mr. CHAMBERLAINI should expect the altered conditions of trade and industry to affect adversely the receipts from this and other taxes, but it is too early to say what the outcome of this year will be.