§ 18. Mr. Robert Cookeasked the Chancellor of the Exchequer what sum would be gained by the Revenue if the Stamp Duty on cheques were increased by one penny.
§ Sir E. BoyleAbout £3½ million in a full year.
§ Mr. CookeIs my hon. Friend aware that this duty was last increased by 1d. by his illustrious predecessor, Sir Michael Hicks Beach, in 1902? Will he bear in mind that an increase in the duty would provide him with funds to reduce considerably Surtax, death duties and other iniquitous forms of taxation?
§ Sir E. BoyleThis certainly is a question to which I will answer that I cannot anticipate my right hon. Friend's Budget statement.
§ Mr. JayDoes the Financial Secretary notice the enthusiasm for increased taxation coming from hon. Members opposite?