§ Viscount SANDONasked the Financial Secretary to the Treasury what is the amount of the estimated cost of the concessions made in the Finance Bill since the introduction of the Budget?
Mr. GUINNESSAs regards Customs and Excise Duties, concessions were made on silk and artificial silk which are estimated to cost about £530,000 this year and £950,000 in a full year. Against these may be set the gain from the lace and embroidery duties introduced since the opening of the Budget, which are estimated to yield £140,000 this year and £200,000 in a full year. As regards Inland Revenue duties, the Clause giving relief from Estate Duty to agricultural land is estimated to cost £225,000 in the current year and £500,000 in a full year.