In describing the duties which have been reduced and those
which are abolished, we will take the reductions first. The tax on tea is reduced from 8d. to 4d. per lb. at a loss to the revenue of £5,400,000 for a full year. The duties on cocoa, coffee and chicory arc reduced by half, at a cost in a full year of £600,000, £200,000 and £43,000 respectively. Then we come to the most expensive of all reductions—that on sugar. The duty is reduced from 25s. 8d. per cwt. to lls. 3d., which is equivalent- to 11d. a lb. The cost in a full year will be £17,880,000. As regards the Entertainments Tax, the duty on seats up to 6d. is abolished, and there will be a reduced tax up to ls. 3d. The cost is estimated at £4,000,000 in a full year. Holders of motor-car licences will be entitled to surrender their licences at any time on payment of a small surrender fee and to obtain a refund. Further, the surcharge on quarterly licences is reduced by 10 per cent. The cost of these changes in motor taxation is put at £500,000 in a full.
year. * * * *
