Sir H. COWANasked the Chancellor of the Exchequer what was the yield in the last financial year of the Stamp Duties on foreign State and company issues of capital on the London money market?
§ Mr. CHURCHILLThe yield of Stamp Duty on marketable securities liable to duty at the rate of 40s. per cent. amounted in 1926–27 to £675,000. I have594W no information to show how much of this duty related to securities issued on the raising of new capital in this country by foreign States and companies.