§ Mr Hall-Davisasked the President of the Board of Trade what is his estimate of the number of firms which will be leviable on the coming into effect of the Hosiery and Knitwear Industry (Scientific Research Levy) Order 1969 now before Parliament in draft; and what is his estimate of the total number of employees of those firms, and their aggregate payroll.
§ Mr. DellThe total number of firms within the industry as defined in the schedule to the draft of the Order is estimated to be around 1200. The number of firms leviable will depend on the size of their turnover (less certain deductions as defined in paragraph 6 of the Order) during each levy period of 6 months. Those whose net turnover does not exceed £5,000 will not be liable for that period. No estimate has been of the total number of employees of these firms or of their aggregate payroll since such estimates are not relevant to the operation of the Order as drafted.
§ Mr. Hall Davisasked the President of the Board of Trade what is his estimate of the annual yield to the Hosiery and Knitwear Industry (Levy) Deposit Account on the coming into effect of the Hoisery and Knitwear Industry (Scientific Research Levy) Order, 1969, now before Parliament in draft.
§ Mr. DellBased on the estimated turnover of the industry in 1967 and on the assumption that sales will continue to increase, the annual yield to the Hosiery and Knitwear Industry (Levy) Deposit Account should reach at least £100,000. A more precise estimate will not be possible until after the expiry of the first levy period.