§ 50. Sir W. Darlingasked the Chancellor of the Exchequer if he will consider a plan by which all betting and pool transactions shall be made on an approved form bearing a revenue stamp as is required in bank cheques.
§ Sir S. CrippsThe method suggested by the hon. Member had already been considered before the form of the Pool Betting Duty in Clause 6 of the Finance Bill was decided on, and found to be less simple and equitable than a duty consisting of a percentage of the total receipts, which forms a graduated tax, more adapted to the existing systems of the pools and totalisators, and simpler to control.
§ Sir W. DarlingIf it is less simple than the system of cheques, would the right hon. and learned Gentleman consider removing the poundage stamp on cheques?
§ Sir S. CrippsThe banks would not care for the tax to be paid direct by them.