Sir SEYMOUR KINGasked the Chancellor of the Exchequer under what words, of what Clause, of what statute, the Board of Inland Revenue claim to be entitled to exact Stamp Duty on assignments and reassignments of policies opened and closed in India?
§ Mr. LLOYD GEORGEAn assignment or re-assignment, even though executed in India, of a policy payable in the United Kingdom is liable to Stamp Duty by reference to Section 14 (4) of the Stamp Act, 1891, as relating to a matter or thing to be done in the United Kingdom.