§ MR. THOMSON HANKEY
asked, When it was proposed that the alteration in the Fire Insurance on Stock-in-Trade should take effect?
§ THE CHANCELLOR OF THE EXCHEQUER
said that, as the 1st of July appeared to be an inconvenient day for the purpose, he should be happy to substitute for it the 24th of June. With the view of obviating another difficulty, he should propose that, in the case of all policies made after the Resolution on the subject should have been recorded, but before the new law took effect, the duty should be chargeable at the existing rate only to the 24th of June, and for the remainder of the period at the new rate. An apprehension, he might add, prevailed, that a new rate of policy on stock-in-trade would require a 1175 separate policy to be made in respect of all stock-in-trade; but the separate policy in the case of farming stock was required simply for statistical purposes, and there would be no need of a separate policy in the instances to which he referred. He also intended to propose a clause in the Bill to the effect, that where a policy did not distinguish the objects falling under the reduced duty, specifications might be made by endorsement upon it, so as to avoid the expense of a new one.
§ Motion agreed to.
§ WAYS AND MEANS considered in Committee.
§ (In the Committee.)
That, towards raising the Supply granted to Her Majesty, there shall be charged and paid for and upon every hundredweight, and so in proportion for any greater or less quantity than an hundredweight, of all Sugar which, on and after the sixteenth day of April, one thousand eight hundred and sixty-four, shall be used by any Brewer of Beer for sale in the brewing or making of Beer, the Excise Duty of three shillings and four pence.
§ House resumed.
§ Resolutions to be reported on Monday next; Committee to sit again on Monday next.