§ Sir N. GRATTAN-DOYLEasked the Chancellor of the Exchequer what is the revenue derived from the duty on cheques; and what would be the estimated net loss to the revenue by reducing the duty to 1d.?
§ Mr. CHURCHILLThe yield of the Stamp Duty on cheques is now in the neighbourhood of £3,500,000 per annum, and the reduction of the duty from 2d. to 1d. would therefore involve a hiss of revenue, in a full year, of approximately £1,750,000.