Oral Answers to Questions — Peace Treaties. – in the House of Commons at on 16 February 1922.
Mr Charles White
, Derbyshire Western
asked the Chancellor of the exchequer how much revenue the State has derived from the Excise Duty on home-grown sugar for the current financial year; and the rate per ton at which duty is levied?
Sir Robert Horne
, Glasgow Hillhead
The Revenue derived from the Excise Duty on home-grown sugar during the current financial year is approximately £88,000 to 31st January last. The rate at which the duty is levied per ton is five-sixths of £23 6s. 8d. on sugar polarising at over 980, and proportionate rates on sugar of lower polarisations.
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
