§ Now I am going to ask the Committee to give their attention to certain changes in taxation which, I may say, however, are not of sufficient importance financially to make any marked effect upon our national accounts. The first is designed to assist in the expansion of industry. There is in existence what is known as the Companies Capital Duty—a duty upon the raising of new capital at the rate of £1 per cent. That seems to be a very high charge in times like these, and I propose to reduce it to 10s. Ordinarily a relief from Stamp Duty takes effect only from the passing of the Finance Bill, but in this case I am proposing that the relief shall take effect from to-morrow, and the Finance Bill will provide accordingly. The cost in a normal year would be about £1,500,000, but in view of the present low level of the Stamp Duties I think that it is sufficient to estimate for a loss of £600,000 in the present year.