§ Mr. Lewisasked the Chancellor of the Exchequer if he has considered the letter from the hon. Member for West Ham, North, showing that one greyhound racing company, after meeting taxation and all expenses, is only left with 1 per cent. of all moneys received, that this company was left with a net profit of£2,283 after paying a total of£108,931 in taxation, and notwithstanding the fact that the directors waived their rights to certain fees and payments, no money was available to pay any dividend to the ordinary shareholders; and whether, as this and other greyhound racing companies pay a total of 58 per cent. of their receipts in taxation, he will, in his forthcoming Budget, reduce or abolish the 10 per cent. totalisator tax on greyhound racing, in addition to revising the Entertainments Duty, and thus prevent the closing of these companies and the resultant loss of much-needed revenue.
95W
§ Mr. PowellI have received the hon. Member's letter but I cannot anticipate my right hon. Friend's Budget statement.