§ Sir FRANCIS LOWEasked the Chancellor of the Exchequer whether he has taken steps to ascertain if the increased ad valorem duties which he proposes to charge on transfers of land and property are likely to interfere with transactions of this nature; or whether, on the contrary, such transactions would be greatly facilitated by cheapening the transfer of land rather than by making it more expensive?
§ Mr. LLOYD-GEORGEI have taken into consideration the point raised by the hon. Member.
§ Sir FRANCIS LOWEMay I ask whether the right hon. Gentleman has consulted land agents, solicitors, and others having special knowledge of dealings in land and other property, as to what effect this tax would be likely to have on these transfers, and whether they do not advise the cheapening rather than the increase of the cost?
§ Mr. SPEAKERThe hon. Gentleman is trying to make a speech in the guise of a question.