Orders of the Day — Finance Bill

Part of the debate – in the House of Commons at 12:00 am on 19 May 1947.

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Photo of Sir Arthur Baxter Sir Arthur Baxter , Wood Green 12:00, 19 May 1947

Does the Chancellor think that this practice is fair? Is it not directly antagonistic to his purposes? At the present moment I can go to my tobacconist and purchase a packet of cigarettes for 3s. 4d. I can then join a co-operative society, cross over the road, and pay 3s. 4d. for a packet of cigarettes. My income and my status are the same, but in the second case I can with a 2s. dividend get 4d. back, if the particular society happens to be paying that dividend. I say that it is a direct contradiction of what the Chancellor of the Exchequer intends, and should be stopped.