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Watches (Customs Seizure)

Volume 480: debated on Tuesday 14 November 1950

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68.

asked the Chancellor of the Exchequer how many watches have been seized by the Customs authorities during the past 12 months; how these are disposed of; what total amount was realised; and to what account it is credited.

In the year ended 31st August last, some 67,000 watches were seized by the Customs. Seized watches are sold by tender but owing to the time lag between seizure and sales the amount realised in any given period does not relate to the watches seized during that period. The receipts include duty, which is accounted for as such, and the balance is entered as an Appropriation in Aid of the Customs and Excise Vote.