§ VISCOUNT FURNESS
asked Her Majesty's Government:
What the revenue from stamp duty on cheques was for the last convenient complete year; for how long this duty has been fixed at 2d.; and what they would anticipate the revenue o be from such a source, if the duty on each cheque were raised to 6d.
§ LORD BESWICK
The revenue from the stamp duty on cheques in the Financial year 1966–67 was £9½ million, The rate of the duty has been 2d. since 1918. If the rate were raised to 6d. the revenue might be in the region of £25 million, taking into account the probability of a consequent reduction in the use of cheques.
House adjourned at fourteen minutes before ten o'clock.