HC Deb 16 April 1896 vol 39 cc1063-4

The last head of the Revenue to which I need refer is the head of General Stamps. The Exchequer receipts from General Stamps have been £7,350,000, an increase over the Estimate of £1,690,000 and £1,629,000 more than the Receipts of 1894–95. The first quarter, as compared with the corresponding quarter in the previous year, produced an increase of £421,000; the second quarter an increase of £630,000; the third quarter an increase of £440,000; while the last quarter only produced an increase of £138,000. I think it will be obvious to the Committee that we have seen, I may say, the best for a time of the Revenue from General Stamps. The increase in that Revenue was, I hope, to some extent due to increased prosperity in the country, but it was mainly due to that wonderful fit of gambling on the Stock Exchange which will be fresh in the recollection of all of us. In the first three quarters of the financial year 1894–95 the sales of stamps on the London Stock Exchange amounted to £491,000; in the first three quarters of the year that has just closed they amounted to £1,253,000, or an increase of £762,000. I think, as I shall tell the Committee later on, it will be well to' be moderate in our estimate under this head for the coming year. ["Hear, hear?"]

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