Silk Duties.

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

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Photo of Major Abraham Lyons Major Abraham Lyons , Leicester East


asked the Chancellor of the Exchequer whether he is aware that the reversion, of the duty on imported silk and artificial silk hosiery to 33⅓ per cent. will have a deleterious effect on the industry, as under this duty the imports increased between 1927 and 1931 by over 500 per cent., and that of the duty of 33⅓ per cent. over half is cancelled by the countervailing raw material duties;, and whether he proposes, to take any steps in the matter?