§ 61. Mr. BUTCHERasked the Chancellor of the Exchequer whether his attention has been called to the fact that by the Finance Act, 1899, Section 10, the Stamp Duty on a bill of exchange for a sum over £50 drawn and expressed to be payable out of the United Kingdom which is actually paid or endorsed or negotiated in the United Kingdom is one half the Stamp Duty on a bill of exchange drawn and expressed to be payable or actually paid or endorsed or negotiated in the United Kingdom; and whether he will consider the desirability in the next Budget of abolishing this preferential treatment of foreign bills?
§ Mr. BONAR LAWI may refer my hon. and learned Friend to the reply given by my predecessor to his question of the 4th December last on this subject. Such bills are not likely under existing conditions to come to the United Kingdom for negotiation at all, but I shall be happy to give the question further consideration when a suitable opportunity arises.
§ Mr. BUTCHERDo not foreign bills drawn by neutrals come to this country now?
§ Mr. BONAR LAWI have consulted the authorities most competent to judge and I am informed that practically no such bills come to this country.