§ Resolutions [April 9] reported.
§ MR. MUNDELLA (Sheffield, Brightside)
asked the Chancellor of the Exchequer, when it was proposed to bring the Cart Wheel Tax into operation, and 962 also when the duty on the new issue of capital by Companies would come into operation? Would these come into operation on the confirmation of the Resolution in Committee of Ways and Means, or not until the Budget Bill was passed?
THE CHANCELLOR OF THE EXCHEQUER (Mr. GOSCHEN) (St. George's, Hanover Square)
said, the Licence Duties on horses and carts would come into operation on the 1st of January next year with other licence duties. He was extremely anxious to make good progress with the Budget Bill, so that the Revenue might, without delay, have the advantage of dealing with the now issues of capital by Companies. He understood that Companies were now issuing their capital as fast as possible, in order to escape taxation; and he hoped he would receive the support of the right hon. Gentleman and his Friends in the effort to pass the Bill through the House as soon as possible.
Resolutions agreed to.
Ordered, That a Bill be brought in upon the Seventh Resolution, and that Mr. Courtney, Mr. William Henry Smith, Mr. Chancellor of the Exchequer, and Mr. Jackson do prepare and bring it in.
Ordered, That it be an Instruction to the Gentlemen appointed to prepare and bring in a Bill upon the Resolution reported from the Committee of Ways and Means on the 27th day of March, and then agreed to by the House, That they do make provision therein pursuant to the First, Second, Third, Fourth, Fifth, Sixth, and Eighth Resolutions.
Bill presented, and read the first time. [Bill 202.]
§ House adjourned at twenty minutes after Twelve o'clock.