§ 41. Mr. E. Smithasked the Chancellor of the Exchequer whether he will take steps to raise the Stamp Duty upon stock, share, and commodity transactions, so far as they are speculations and not investment transactions, in view of the fact that gambling for the rise and fall in prices affects the cost of material and reacts on confidence and on industry in many ways?
§ Sir J. SimonNo, Sir. I do not consider that the hon. Member's suggestion is a practicable one for the purpose that he has in view.
§ Mr. SmithIn view of the way in which these people have exploited the national situation, could not steps be taken to discourage a repetition of this exploitation?