§ The UNDER-SECRETARY of STATE for the HOME DEPARTMENT (Captain Hacking)I beg to move,
That on and after the first day of January, nineteen hundred and twenty-eight, there shall be charged on a licence to he taken out annually by a moneylender in Great Britain an excise duty of fifteen pounds or, if the licence be taken out not more than six months before the expiration thereof, of ton pounds,This Resolution is necessary before the Bill that was passed in this House on Second Reading 10 days ago can be discussed further in Committee. Clause 1 of the Bill requires that every moneylender, whether in business alone or as a partner in a firm, has to take out annually, in respect of every address at which he carries on business, an Excise licence, upon which there has to be paid 1927 an Excise Duty of £15, but subject, of course, to certain provisoes in the Bill. An Excise Duty requires the sanction of a Ways and Means Resolution, and it is that sanction which I ask the Committee to give now.
§ Question put, and agreed to.
§ Resolution to be reported To-morrow.