§ Mr. REESasked the Chancellor of the Exchequer whether he is aware that the 10 per cent, increase in the stamp duty on bearer bonds will favour New York in competing with London for Canadian municipal corporation and other issues, and that British trade is likely to suffer seriously if, owing to the increase in the stamp duty, Canada can borrow money cheaper 1808 in America; and, if so, whether he will take them into consideration and modify, as far as may be, the proposals in the Budget tending towards the effect described?
§ Mr. LLOYD-GEORGEThis matter has already been brought to my notice, and is receiving my consideration.