STAMP DUTIES (TRANSFERS OF SECURITIES).

HC Deb 18 March 1925 vol 181 cc2268-9

81. Sir C. KINLOCH-COOKE

asked the Chancellor of the Exchequer whether he is aware of the handicap caused to Stock Exchange brokers generally and to the freedom of markets in registered securities caused by the conditions of the £1 stamp on transfers of stocks and shares; and whether he can see his way to make some change in this respect?

Mr. GUINNESS

The Chancellor of the Exchequer is aware of the arguments which are used against the continuation of the £1 per cent. duty on transfers of stocks and shares, but he is unable to anticipate his Budget statement.