HC Deb 28 January 1969 vol 776 c278W
54 and 55. Mr. Donald Williams

asked the Chancellor of the Exchequer (1) if he will give an estimate of the loss in potential interest per £1,000 per quarter incurred by importers on moneys held by Her Majesty's Department of Customs and Excise as import deposits;

(2) if he will now give an estimate of the loss in potential interest per £1,000 per quarter incurred by manufacturing industries in respect of Selective Employment Tax.

Mr. Taverne

If firms paying import deposits or S.E.T. had been able to lend these funds to a bank or in the money market, they might have expected at current rates to earn on average about £15 to £20 per quarter per £1,000.