33. Mrs. Hill
asked the Chancellor of the Exchequer, in view of the reduced amount now collected by the 2d. stamp at present required by the law on receipts for accounts over £2, if he will amend the Stamp Act, 1891, in order to remove this requirement completely.
While the hon. and learned Gentleman may not be able to anticipate 1370 his right hon. Friend's Budget statement, and in view of the changed value of money since the Act was passed in 1891, will the Financial Secretary to the Treasury say whether, if he cannot dispense with the point altogether, the amount be raised to something more reasonable in comparison with the present-day value of money?
Mr. H. Wilson
Will his right hon. Friend also, between now and the Budget, take into account something to which we drew attention last year—the extraordinary fact that Stamp Duties in this country, including those on Stock Exchange transactions, are not legally enforceable and that payment cannot be enforced, but offenders can be fined only a small sum if they do not pay? Is the hon. and learned Gentleman aware of the widespread evasion and avoidance of the payment of Stamp Duties, and will he ask his right hon. Friend to look at that matter as well?
§ Mr. Lipton
Is not it a fact that, as a result of the objects of the Cheques Act being completely misconstrued, firms of otherwise good reputation are deliberaately not carrying out their responsibilities in this matter and are refusing to provide stamped receipts on the payment of accounts? Will the hon. and learned Gentleman make it clear that companies' stamped receipts are legally enforceable and must be provided when an account is paid?