Mr. Herbertasked the Chancellor of the Exchequer whether he can give any estimate of the revenue expected to accrue from the Purchase Tax on newspapers, on periodicals and on books, respectively?
§ Sir K. WoodThe revenue estimated to accrue in a full year from the application of the Purchase Tax to newspapers, periodicals and books is approximately as follows
Newspapers (including Sunday and weekly newspapers), and periodicals, between £3,250,000 and £3,500,000.Books, between £1,000,000 and £1,250,000.
§ Sir E. Graham-Littleasked the Chancellor of the Exchequer whether, if he 1414W cannot exempt books altogether from the proposed Purchase Tax, he will at least exclude from its operation medical, scientific and school books necessary for professional and educational purposes?
§ Sir K. WoodI am afraid any discrimination between different classes of books would be impracticable.