Exemption of Kerosene and Paraffin London, May 1.
In a debate on the Budget, in the House of Commons, to-day, the Chancellor of the Exchequer, Mr. Winston Churchill, announced that Kerosene and paraffin would be omitted from the scope of the new daties, which would thus be ited to the products petroleum. He estimated" that this concession would cost £9,000, 000 in the present. fina year.
He declared that there "was good reason to. tax kerosene, as helped the coal and shale-oil in dustries."" He had always been aware that Kerosene was much used by rural cottagers. He had granted relief on the sugar duty, he said, to counter-balance the increase in the cost of kerosene, but he agreed that in country " districts the Kerosene tax" was a. greater! Burden than he had previously believed, The House of Commons to-day rejected a nuniber of amendments to reduce the petrol tax and approved the exemption of Kerosene and paraffin, The House also approved the other duties announced in the Budget.
Oil companies are restoring the old prices for kerosene and paraffin immediately.—Reute
Text read from the printed page and cleaned; old type leaves the occasional error.