asked the Secretary of State for the Home Department what has happened to the balance of the 10 per cent. retained by the Racecourse Betting Control Board from their 1948 totalisator turnover over and above the surplus of £490,000 announced as having been put back into racing.
Broadly speaking, the moneys to which my hon. Friend refers are applied to meet the costs of operation, administration, taxation and certain miscellaneous expenditure. Detailed information will be published in the Racecourse Betting Control Board's Annual Report and Accounts for 1948, which will shortly be presented to Parliament.
Is my hon. Friend aware that the amount mentioned in the Question is only 19 per cent. of the amount distributed? Does not this make a mockery of the Chancellor's contention that this 10 per cent. is for the encouragement of horse breeding?
I do not think I can accept the figure of 10 per cent. as being entirely accurate. A good many separate items are involved covering the remainder of the sum and I would ask my hon. Friend to await the Report, which he can study.