Mr Stanley Baldwin: The proceeds of the additional Cheque Duty to 31st January last were £1,070,000. The new postal duties of last year are estimated to produce, in the current year, about £3,400,000. With regard to the last part of the question, my right hon. Friend cannot anticipate his Budget statement.
Mr Stanley Baldwin: The answer to the first part of the question is in the negative. As regards the second, while my right hon. Friend cannot anticipate his Budget statement, he wishes, me to point out to my hon. and learned Friend that the national expenditure is still in excess of the revenue, and that the present cost of the postal services is very much in excess of the cost before the War.
Mr Stanley Baldwin: Yes, Sir.
Mr Stanley Baldwin: Very soon.
Mr Stanley Baldwin: The Chancellor of the Exchequer asks me to say that wound and disability pensions are chargeable with Income Tax under the law as it now stands, and that he has no power to remit the charge by executive action. He thinks, however, that it is contrary to public sentiment to tax these payment, which moreover appear to him to be payments in the nature of compensation for injury received and...
Mr Stanley Baldwin: I will consider that.
Mr Stanley Baldwin: I will consider that.
