Silk Duties.

Part of Oral Answers to Questions — National Finance. – in the House of Commons on 3rd May 1932.

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Photo of Mr John Remer Mr John Remer , Macclesfield

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asked the Chancellor of the Exchequer (1) if he has considered the letter sent from the Silk Association dealing with the figures of revenue from the Silk Duties; if he is aware that if the scheme of the Silk Association is adopted 40,000 workers at present unemployed would find employment, a greater revenue of £1,500,000 would be secured for the Exchequer from the Silk Duties, and a large saving in unemployment pay paid at present to unemployed workers; and, in these circumstances, will he revise the incidence of the Silk Duties on the lines indicated by the Silk Association;

(2) If he is aware that when the 50 per cent. duty was imposed on silk hosiery and tissues wholly or partly of cotton, including artificial silk tissues with even one thread of cotton in the content, both foreign and British manufacturers put down new machinery; that, owing to the decision of the Tariff Advisory Committee that they are not allowed to consider the incidence of these duties, the duties revert to the same position as when abnormal importations were taking place; and if, in these circumstances, he will either alter the incidence of the Silk Duties or make such amendments to the Finance Bill that the Silk Duties, other than the raw material tax on real silk and artificial silk, can be referred to the Tariff Advisory Committee;

(3) if he is aware that artificial silk is selling at 1s. 6d. per pound on the Continent; that one pound makes a dozen pairs of artificial silk stockings; that the import duty on tissue is 3s. 6d. per pound on the content of artificial silk, whereas artificial silk stockings can be imported into this country at 6s. per dozen pairs, on which the ad valorem tax is only 2s.; and what action he intends to take to remove these difficulties of home manufacturers?