§ MR. CONYBEARE (Cornwall, Camborne)asked Mr. Chancellor of the Exchequer, Whether, under Section 12, Customs and Inland Revenue Bill, in cases where British owners of American railway shares, for the protection of their interests, deposit such shares with a Committee or Central Body in London to be registered in trust for the owner, and receive a certificate issued by such Committee or Central Body, such certificate is liable to Stamp Duty, seeing that it does not represent a change of ownership, and in view of the fact that such certificate, if subsequently sold and delivered, would be stamped on delivery, exactly alike with American railway shares?
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. GOSCHEN) (St. George's, Hanover Square)A certificate issued by a Committee in the circumstances referred to would be liable to the new duty upon its first delivery by the person to whom it was issued; but it would not be incumbent upon the Committee to stamp it upon its original issue.