HC Deb 06 May 1901 vol 93 c750
SIR MANCHERJEE BHOWNAG-GREE

I beg to ask Mr. Chancellor of the Exchequer whether the creation of Joint Stock Capital under the Companies Acts exceeded £200,000,000 sterling last year; and whether it would be feasible to impose a duty on the issue of debentures and other fixed borrowings by Joint Stock Companies, whereby they now usually obtain the use of capital without materially contributing to the Inland Revenue.

SIR M. HICKS BEACH

The answer to the first paragraph is in the affirmative. The duty which the hon. Member suggests is already imposed by the existing law.