§ 102. Mr. Lubbockasked the Chancellor of the Exchequer what ad valorem percentage duty would have to be charged on imported solutions of alkyd resins in order to produce the same revenue as if 2s. 9d. per gallon duty were charged on the white spirit content alone, assuming that the average hydro carbon oil content of imported consignments is 36.2 per cent. and that the specific gravity of the oil is 0.79 and what is the actual rate of duty charged.
§ Mr. du CannAs the hon. Member has not stated a value for his hypothetical imported alkyd resin solutions, I regret that I cannot assess the hypothetical rate of duty which he requires. The actual current rate is 5½ per cent.