Mr. A. T. DAVIESasked the Chancellor of the Exchequer whether the feasibility of reducing the price of the stamp below 2d. in cheques has been considered by the Board of Inland Revenue; and, if so, with what result?
§ Sir R. HORNEThe answer is in the negative. I regret that, in view of the loss of revenue involved, I am unable to contemplate a reduction of this duty in the current year.