Part of Oral Answers to Questions — National Finance. – in the House of Commons at on 5 March 1935.
Sir Harold Sutcliffe
, Royton
asked the Chancellor of the exchequer whether he is aware that the recently formed Crompton Stage Society, which voluntarily produces plays of educational value at cheap prices and the profits of which will go to charity, was charged £14 in respect of Customs and Excise in advance of its first production, and that, as a result of this and subsequent payments, no amount has yet been available for charity and the society is heavily in debt, and will in all probability have to close down; and whether he will take steps to prevent the incidence of this tax reacting upon the valuable work done by numerous dramatic societies throughout the country?
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.
