Second Schedule.

Part of Orders of the Day — Finance Bill. – in the House of Commons at on 17 June 1925.

Alert me about debates like this

Photo of Mr Horace Crawfurd Mr Horace Crawfurd , Walthamstow West

The right hon. Gentleman says that these Amendments are mere matters of definition and do not raise any point of substance. May I put my question in a form which may conceivably appeal to Members opposite. Take for instance a Paris frock to be worn at Ascot. The Chancellor used the figure of £40. My calculation would be a little higher. Let me assume that the frock would cost £50, that it contains £2 worth of silk, and that the aggregate value of the component parts is £10. If the value of the silk is £2 0s. 1d. that article comes into the 33⅓ per cent. category, and the tax would be over £16.