§ MR. SCHOLEFIELDhad been informed that a fire insurance office, having its central office in France, had held out an inducement to persons in this country to effect insurances against fire with them, by promising them an exemption from the policy stamp and insurance duty. He wished to know whether the attention of the Chancellor of the Exchequer had been called to this subject, as it affected the insurance companies of this country and the revenue?
THE CHANCELLOR OF THE EXCHEQUERMy attention has been called to the subject to which my hon. Friend has adverted, with reference to an insurance office called La France, established in France. My belief is, that, up to the present time, no evasion of the insurance duty deserving of any consideration has taken place, but my attention has been directed to the subject, and if I find that it may be necessary, for the purpose of protecting the revenue, that I should submit a measure on the subject in this House, I shall not fail to do so whenever I see that the necessity has arisen.