§ MR. MONTAGU (Tower Hamlets, Whitechapel)asked Mr. Chancellor of the Exchequer, Whether, under the Customs and Inland Revenue Bill, a holder of unstamped bearer securities must stamp them should he deposit them after July 1st with two bankers for safe custody, or for the encashment of his coupons; whether a banker who delivers such securities to the owner, or to another banker for the owner's account, must stamp them also; and, whether the holder of such securities who has to leave them with agents for the renewal of the coupon sheets, or to justify his attendance at meetings, must stamp them?
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. GOSCHEN) (St. George's, Hanover Square)It is assumed that in neither of the cases put does any change in the ownership of the bonds or any assignment of any interest therein take place. If that be so, no liability to the new duty would arise.