§ Considered in Committee.
§ (In the Committee.)
§ [Mr. JEFFREYS (Hampshire. N.) in the Chair.]
§ Motion made, and Question proposed, "That, in lieu of the Stamp Duties which would have been payable upon the deeds or assurances which, in case the Bill had not been passed into an Act would have been required to pass to and vest in the Society certain property, there be charged a Stamp Duty of five pounds, and such Duty shall be impressed upon the copy of the intended Act to be delivered to the Registrar of Joint Stock Companies under the section of this Act the marginal note whereof is 'Copy of Act to be registered."—(Mr. Caldwell.)
1046§ MR. LOUGH (Islington, W.)Surely there should be some explanation of this. Does it form any precedent?
§ THE FINANCIAL SECRETARY OF THE TREASURY (Mr. VICTOR CAVENDISH, Derbyshire, W.)This is a clause which has been inserted in a considerable number of Bills of a similar character, and it meets the convenience of the Inland Revenue and the corporation in question. The Inland Revenue are satisfied that there will be no loss to the revenue arising from this transaction.
§ *MR. JOHN ELLIS (Nottinghamshire, Rushcliffe)That, Mr. Deputy-Chairman, may be a perfectly satisfactory explanation, but I think the House should regard with the utmost jealousy this putting down of private business on a Friday.
§ Committee report Progress; to sit again upon Monday next.