§ The provisions of this Part of this Act as to contract notes shall apply to any contract under which an option is given to purchase or sell any stock or marketable
694§ security at a future time at a certain price, as it applies to the sale or purchase of any stock or marketable security, but if any person proves to the satisfaction of the Commissioners that he has paid the duty on the contract note in respect of any such option, and that Stamp Duty has subsequently been paid on a contract note for a sale or purchase of the stock or marketable security effected in pursuance of the option, the Commissioners shall repay to him the amount paid as the Stamp Duty on the contract note for the option.
§ Amendments made: After the word "given" ["under which an option is given"], to insert the words "or taken."
§ To leave out all the words after the words "purchase of any stock or marketable security," and to insert instead thereof, "the Stamp Duty on such a contract shall be one-half only of that chargeable on a contract note: Provided that if under the contract a double option is given or taken the contract shall be deemed to be a separate contract in respect of each option.
§ "(2) Any contract note made or executed in pursuance and in consequence of the exercise of an option given or taken under a contract duly stamped in accordance with the provisions of this Section shall be charged with one-half only of the duty which would otherwise have been chargeable thereon under this Part of this Act provided that it bears on its face a certificate by the broker, agent, or other person mentioned in the last preceding Section to the effect that it is made or executed in the exercise of an option for which a duly stamped contract has been rendered on the date mentioned in the certificate."—[Mr. Hobhouse]
§ Question put, "That the Clause, as Amended, stand part of the Bill."
§ The Committee divided: Ayes, 191; Noes, 56.
695| Division No. 716.] | AYES. | [8.25 p.m. |
| Abraham, W. (Cork, N. E.) | Barran, Sir John Nicholson | Collins, Sir Wm. J. (St. Pancras, W.) |
| Adkins, W. Ryland D. | Bell, Richard | Corbett, A. Cameron (Glasgow) |
| Agnew, George William | Belloc, Hilaire Joseph Peter R. | Corbett, C. H. (Sussex, E. Grinstead) |
| Alden, Percy | Berridge, T. H. D. | Cornwall, Sir Edwin A. |
| Allen, A. Acland (Christchurch) | Bethell, Sir J. H. (Essex, Romford) | Cox, Harold |
| Allen, Charles P. (Stroud) | Boulton, A. C. F. | Crosfield, A. H. |
| Ambrose, Robert | Brigg, John | Cross, Alexander |
| Ashton, Thomas Gair | Bright, J. A. | Dalziel, Sir James Henry |
| Asquith, Rt. Hon. Herbert Henry | Burns, Rt. Hon. John | Davies, Ellis William (Eifion) |
| Balfour, Robert (Lanark) | Burt, Rt. Hon. Thomas | Davies, Sir W. Howell (Bristol, S.) |
| Barker, Sir John | Carr-Gomm, H. W. | Dobson, Thomas W. |
| Barlow, Sir John E. (Somerset) | Chance, Frederick William | Duffy, William J. |
| Barnard, E. B. | Clough, William | Duncan, C. (Barrow-in-Furness) |
| Barnes, G. N. | Collins, Stephen (Lambeth) | Duncan, J. Hastings (York, Otley) |
| Dunn, A. Edward (Camborne) | Lever, A. Levy (Essex, Harwich) | Roberts, Charles H. (Lincoln) |
| Dunne, Major E. Martin (Walsall) | Levy, Sir Maurice | Robertson, Sir G. Scott (Bradford) |
| Edwards, Sir Francis (Radnor) | Lewis, John Herbert | Robertson, J. M. (Tyneside) |
| Elibank, Master of | Lloyd-George, Rt. Hon. David | Robinson, S. |
| Erskine, David C. | Lundon, T. | Roch, Walter F. (Pembroke) |
| Essex, R. W. | Lynch, A. (Clare, W.) | Roe, Sir Thomas |
| Evans, Sir S. T. | Macdonald, J. M. (Falkirk Burghs) | Rogers, F. E. Newman |
| Everett R. Lacey | Maclean, Donald | Rose, Sir Charles Day |
| Falconer, J. | MacNeill, John Gordon Swift | Russell, Rt. Hon. T. W. |
| Fiennes, Hon. Eustace | MacVeagh, Jeremiah (Down, S.) | Samuel, Rt. Hon. H. L. (Cleveland) |
| Findlay, Alexander | MacVeigh, Charles (Donegal, E.) | Samuel, S. M. (Whitechapel) |
| Fuller, John Michael F. | M'Callum, John M. | Schwann, Sir C. E. (Manchester) |
| Fullerton, Hugh | M'Laren, H. D. (Stafford, W.) | Seely, Colonel |
| Gibb, James (Harrow) | M'Micking, Major G. | Shaw, Sir Charles E. (Stafford) |
| Gibson, J. P. | Mallet, Charles E. | Shipman, Dr. John G. |
| Gill, A. H. | Markham, Arthur Basil | Snowden, P. |
| Glendinning, R. G. | Marnham, F. J. | Soares, Ernest J. |
| Glover, Thomas | Massie, J. | Steadman, W. C. |
| Grey, Rt. Hon. Sir Edward | Masterman, C. F. G. | Stewart-Smith, D. (Kendal) |
| Gulland, John W. | Meagher, Michael | Summerbell, T. |
| Gwynn, Stephen Lucius | Menzies, Sir Walter | Taylor, John W. (Durham) |
| Harcourt, Rt. Hon. L. (Rossendale) | Middlebrook, William | Thomas, Sir A. (Glamorgan, E.) |
| Harcourt, Robert V. (Montrose) | Molteno, Percy Alport | Thorne, G. R. (Wolverhampton) |
| Harmsworth, R. L. (Caithness-shire) | Montagu, Hon. E. S. | Thorne, William (West Ham) |
| Haworth, Arthur A. | Muldoon, John | Tomkinson, James |
| Hazleton, Richard | Murray, Capt. Hon. A. C. (Kincard.) | Trevelyan, Charles Philips |
| Hedges, A. Paget | Myer, Horatio | Verney, F. W. |
| Helme, Norval Watson | Nannetti, Joseph P. | Wadsworth, J. |
| Henderson, Arthur (Durham) | Newnes, F. (Notts, Bassetlaw) | Walker, H. De R. (Leicester) |
| Henderson, J. McD. (Aberdeen, W.) | Norman, Sir Henry | Walsh, Stephen |
| Henry, Charles S. | Norton, Captain Cecil William | Walters, John Tudor |
| Herbert, Col. Sir Ivor (Mon. S.) | Nussey, Sir Willans | Waring, Walter |
| Hobhouse, Rt. Hon. Charles E. H. | Nuttall, Harry | Warner, Thomas Courtenay T. |
| Holt, Richard Durning | O'Donnell, C. J. (Walworth) | Wason, Rt. Hon. E. (Clackmannan) |
| Hooper, A. G. | O'Kelly, Conor (Mayo, N.) | Wason, John Cathcart (Orkney) |
| Horniman, Emslie John | O'Malley, William | Watt, Henry A. |
| Isaacs, Rufus Daniel | Parker, James (Halifax) | White, Sir George (Norfolk) |
| Jackson, R. S. | Partington, Oswald | White, J. Dundas (Dumbartonshire) |
| Jenkins, J. | Pearce, Robert (Staffs, Leek) | White, Sir Luke (York, E. R.) |
| Jones, Leif (Appleby) | Philipps, Col. Ivor (Southampton) | Whittaker, Rt. Hon. Sir Thomas P. |
| Jones, William (Carnarvonshire) | Pickersgill, Edward Hare | Wilkie, Alexander |
| Joyce, Michael | Pirie, Duncan V. | Williams, J. (Glamorgan) |
| Keating, M. | Pointer, J. | Williams, W. Llewelyn (Carmarthen) |
| Kelley, George D. | Pollard, Dr. G. H. | Williamson, Sir A. |
| King, Alfred John (Knutsford) | Ponsonby, Arthur A. W. H. | Wilson, W. T. (Westhoughton) |
| Laidlaw, Robert | Priestley, Arthur (Grantham) | Wood, T. M'Kinnon |
| Lamb, Edmuld G. (Leominster) | Raphael, Herbert H. | Yoxall, Sir James Henry |
| Lamb, Ernest H. (Rochester) | Rea, Rt. Hon. Russell (Gloucester) | |
| Lamont, Norman | Rees, J. D. | TELLERS FOR THE AYES.—Mr. Joseph Pease and Sir E. Strachey. |
| Layland-Barratt, Sir Francis | Richards, T. F. (Wolverhampton, W.) | |
| Lehmann, R. C. | ||
| NOES. | ||
| Acland-Hood, Rt. Hon. Sir Alex. F. | Forster, Henry William | Rawlinson, John Frederick Peel |
| Anson, Sir William Reynell | Gardner, Ernest | Renwick, George |
| Balcarres, Lord | Goulding, Edward Alfred | Ridsdale, E. A. |
| Banbury, Sir Frederick George | Gretton, John | Roberts, S. (Sheffield, Ecclesall) |
| Baring, Capt. Hon. G. (Winchester) | Haddock, George B. | Rutherford, John (Lancashire) |
| Brotherton, Edward Allen | Hamilton, Marquess of | Rutherford, Watson (Liverpool) |
| Burdett-Coutts, W. | Harrison-Broadley, H. B. | Salter, Arthur Clavell |
| Butcher, Samuel Henry | Hermon-Hodge, Sir Robert | Smith, Abel H. (Hertford, East) |
| Campbell, Rt. Hon. J. H. M. | Hills, J. W. | Stone, Sir Benjamin |
| Carlile, E. Hildred | Hope, James Fitzalan (Sheffield) | Thomson, W. Mitchell- (Lanark) |
| Cecil, Lord R. (Marylebone, E.) | Kimber, Sir Henry | Tuke, Sir John Batty |
| Cldye, J. Avon | King, Sir Henry Seymour (Hull) | Valentia, Viscount |
| Coates, Major E. F. (Lewisham) | Law, Andrew Bonar (Dulwich) | Walker, Col. W. H. (Lancashire) |
| Corbett, T. L. (Down, North) | Lockwood, Rt. Hon. Lt.-Col. A. R. | Warde, Col. C. E. (Kent, Mid) |
| Craig, Captain James (Down, E.) | MacCaw, William J. MacGeagh | Wortley, Rt. Hon. C. B. Stuart- |
| Douglas, Rt. Hon. A. Akers- | Mason, James F. (Windsor) | Younger, George |
| Duncan, Robert (Lanark, Govan) | Morpeth, Viscount | |
| Faber, George Denison (York) | Morrison-Bell, Captain | TELLERS FOR THE NOES.—Mr. Joynson-Hicks and Sir W. Bull. |
| Fell, Arthur | Pease, Herbert Pike (Darlington) | |
| Fletcher, J. S. | Powell, Sir Francis Sharp |