HC Deb 09 March 1900 vol 80 c485
MR. HARWOOD (Bolton)

I beg to ask Mr. Chancellor of the Exchequer whether the Resolution on brokers' contract notes will include memoranda forwarded to principals of sales or purchases made on the Manchester Exchange, and in similar places, by agents receiving commission.

THE FINANCIAL SECRETARY TO THE TREASURY (Mr. HANBURY,) (for the CHANCELLOR OF THE EXCHEQUER) Preston

So far as can be judged from the description of the memoranda which the question contains, such documents would certainly attract the proposed new stamp duty. But I would ask hon. Members to be good enough to wait for explanations until they see the clause in the Bill, which I hope will be circulated in a few days.

Sir WILLIAM HOULDSWORTH (Manchester, N.W.)

I beg to ask Mr. Chancellor of the Exchequer whether the term "broker" in the Resolution relating to stamps on contract notes is intended to include all agents selling or purchasing on commisssion for a principal; and, if not, what distinction is to be understood.

MR. HANBURY (for the CHANCELLOR OF THE RXCHTQUER)

The term "broker" in the Resolution is only to apply to persons carrying on the business of a broker, and therefore would not have the wide application suggested in this question. The Bill itself will be circulated in a few days.