§ 19. Mr. Matesasked the hon. Member for Wokingham, as representing the Church Commissioners, 575 what is the estimated saving in 1982 in stamp duty on stock exchange transfers by the Commissioners as a result of the total exemption for charities introduced in the Finance Act 1982.
§ Sir William van StraubenzeeIt is estimated that the saving to the Commissioners in the calendar year 1982 will be about £150,000.
§ Mr. MatesDoes my hon. Friend agree that that considerable saving is a good example of what the Chancellor and the Government have been able to do both for charities and the Church Commissioners in the past year?
§ Sir William van StraubenzeeI am obliged to my hon. Friend for that question. I agree. Although the figure can be only an estimate, the saving in a full year may rise to £180,000. The Church Commissioners are extremely appreciative.