§ Sir J. POWERasked the Chancellor of the Exchequer the cost to the Exchequer in issuing transfer deeds free to the public for the period 1st April, 1931, to 30th September, 1932; and the cost to the Exchequer of the concession granted to Stock Exchange firms under Section 42 of the Finance Act, 1920, and the Amendment of 1931, for the same period, and the extent to which each Stock Exchange has taken advantage of that privilege?
1150W
— Duty exigible under old law. Exigible and paid under Section 42. Difference. £ £ £ London Stock Exchange … 612,670 105,158 507,512 Birmingham Stock Exchange … 35 13 22 Bristol stock Exchange … 813 132 681 Halifax Stock Exchange … 35 15 20 Leeds Stock Exchange … 52 19 33 Liverpool Stock Exchange … 76 15 61 Manchester Stock Exchange … 343 114 229 Nottingham Stock Exchange … 27 3 24 Sheffield Stock Exchange … 3,958 890 3,068 Provincial Brokers Stock Exchange … 699 137 562 Totals … £618,708 £106,496 £512,212
§ Mr. HORE-BELISHAThe cost of the transfer forms issued free to the public in the period from 1st April, 1931, to 30th September, 1932, was approximately £800.
The following table shows the effect over the same period of the operation of Section 42 of the Finance Act, 1920, amended, as from 31st July, 1931, by the Finance Act, 1931.