§ Mr. Banfield
asked the Chancellor of the Exchequer the cost to the Exchequer in issuing transfer deeds free to the public for the period 1st September, 1939, to 3Ist March, 1943; the cost 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; the extent to which each stock exchange has taken advantage of that privilege; the aggregate totals since that Section operated; and the total which, in the absence of those provisions, would have been paid at the rate of £1 per centum?
§ Sir K. Wood
The cost of the transfer forms issued free to, the public in the period 1st September, 1939, to 3Ist March, 1943, was approximately £1,020. The following table shows (a) for each stock exchange the effect over the same period of the operation of Section 42 of the Finance Act, 1920, as amended by the Finance Act, 1931, and (b) the aggregate total from the 1st September, 1920, when that Section came into operation, to 3Ist March, 1943: