§ Mr. PERKINSasked the Chancellor of the Exchequer whether he is aware that his predecessor stated during the passing of the 1931 Budget that he regarded the additional 2d. on oil as having a claim for remission when the Government was in a position to remit txation, and whether he considered himself bound by that pledge?
Mr. CHAMBERLAINI am aware of the statement which my predecessor made with regard to the light hydrocarbon oil duty in his Budget speech of April, 1931. I would refer my hon. Friend to the reply which I gave on 20th February last to my hon. and gallant Friend the Member for Wycombe (Sir A. Knox).