§ 121. Mr. Ernest Daviesasked the Assistant Postmaster-General the anticipated gross licence revenue from broadcasting receiving licences on which the estimate for 1952–53 in Class IV, 12, Sub-head A, was based; the amount estimated to be receivable by the Post Office for collection, etc.; the amount to be retained by the Treasury in respect of Clause 3 (b) of the agreement with the Corporation dated 20th December, 1951; and the estimated British Broadcasting Corporation liability for Income Tax.
§ Mr. GammansThe estimated gross licence revenue is £14,650,000. On the basis of a 7½ per cent. deduction for collection, management and the interference investigation service, £1,100,000 will accrue to the Post Office, and £2,050,000 will accrue to the Exchequer. I understand that on its forecast of income and expenditure for 1952–53, the B.B.C. does not expect to incur Income Tax liability.