§ Mr. Banfieldasked the Chancellor of the Exchequer the total cost to the Exchequer of the concession granted to dealer-members of the London Stock Exchange under Section 42 of the Finance Act, 1920, from 1st September, 1920, to 31st March, 1940; whether a comparable concession was granted during the years 1914 to 1918, inclusive; and will he take steps to suspend forthwith the operation of that Section during the continuance of the present war and for one year after the conclusion of peace?
§ Sir K. WoodThe amount of duty paid within the period from 1st September, 1920, to 31st March, 1940, under the statutory provisions to which the 1015W hon. Member refers was £2,280,454. The total amount which, in the absence of those provisions, would have been paid at the rate of £1 per cent. is £12,064,527. The relief in question was introduced in 1920. I see no ground for suspending it at the present time.