§ 94. Mr. G. W. H. JONESasked the Chancellor of the Exchequer how many companies were registered under the Companies (Consolidation) Act, 1908, and the amount received in capital duties in respect of the same during the financial year prior to the last increase of such capital duties; and the same information in respect of companies registered under the said Act for the financial year following the said increase?
§ Mr. BALDWINThe duty on the share capital of limited liability companies registered under the Companies Acts was increased from 5s. to 20s. per £100 on the 20th April, 1920. In the financial year ended 31st March, 1920–a boom period— the number of new companies registered in England and Wales was 12,003 and the amount of capital duty paid on their registration was £1,545,747. The corresponding figures for the year ended 31st March, 1921, were 7,975 and £2,569,386.