§ MR. MUNDELLA
I beg to ask the Chancellor of the Exchequer whether he has received a Memorial from Marine Underwriters, praying for the abolition of the existing Stamp Duties upon Marine Insurance; and whether, having regard to the injury inflicted upon marine insurance business by the retention of the Stamp Duty, and to the fact that many insurances are effected with Foreign Companies on the Continent in consequence, he can see his way to place insurance of property at sea on the same 131 footing as the insurance of the same property on land?
§ *THE CHANCELLOR OF THE EXCHEQUER (Mr. GOSCHEN,) St. George's, Hanover Square
I have received such a Memorial. I do not deny that there is some force in the contention of the Memorialists; but looking to the many claims for remission of taxation with which I had to deal, I did not see my way to accede to the wish of the Underwriters.