Finance Act, 1902

FINANCE ACT 1902

[2 Edw. 7. Ch. 7.]

ARRANGEMENT OF SECTIONS.

Part I

Customs and Excise.

Section

1.

Duty on grain, &c.

2.

Duty on tea.

3.

Continuance of additional customs duties and drawbacks on tobacco, beer, and spirits.

4.

Continuance of additional excise duties and drawbacks on beer and spirits.

5.

Surtax and allowance on spirits.

6.

Increase of Customs duties on glucose.

7.

Amendment of 1 Edw. 7. c. 7. s. 10.

8.

Power to authorise use of spirits without payment of duty in art or manufacture.

Part II.

Stamps.

9.

Amendment of 54 & 55 Vict. c. 39. s. 62.

Part III.

Income Tax and Inhabited House Duty.

10.

Income tax for 1902–1903.

Part IV.

National Debt.

11.

Issue of stock certificates to holders of scrip certificates.

Part V.

General.

12.

Short title.

SCHEDULES

CHAPTER 7.

An Act to grant certain duties of Customs and Inland Revenue, to alter other duties, and to amend the Law relating to Customs and Inland Revenue and the National Debt, and to make other provision for the financial arrangements of the year. 22nd July 1902.]

Most Gracious Sovereign,

WE, Your Majesty's most dutiful and loyal subjects the Commons of the United Kingdom of Great Britain and Ireland in Parliament assembled, towards raising the necessary supplies to defray Your Majesty's public expenses, and making an addition to the public revenue, have freely and voluntarily resolved to give and grant unto Your Majesty the several duties herein-after mentioned; and do therefore most humbly beseech Your Majesty that it may be enacted, and be it enacted by the King's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows: