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Oil Duties

Volume 237: debated on Thursday 3 April 1930

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asked the Financial Secretary to the Treasury what the cost would be to the Exchequer if the duties on hydrocarbon oils, turpentine and white spirit, now used by paint and varnish manufacturers, were remitted?

The official records do not show how much of these commodities is used by paint and varnish manufacturers, and it is difficult to see how remission could be confined to use in these particular trades. It is anticipated that the remission so extended would cost over £1,000,000 a year.