§ Mr. MALONEasked the Financial Secretary to the Treasury for what reason it is considered impracticable that the system prevailing should be abolished by which the Revenue Department authorises brokers and dealers in stocks and shares to issue vouchers for reclaim of tax deducted at source to buyers of stocks and shares cum dividend, and that in lieu of brokers and dealers in stocks and shares selling shares cum dividend, issuing such vouchers to buyers, the original voucher issued to the seller by the company should be secured from the seller by the broker or dealer and endorsed at the back thereof in favour of the buyer in order to prevent the possibility of fraud already admitted by the Treasury?
§ Mr. PETHICK-LAWRENCEMy hon. Friend's suggestion is impracticable by reason of the intricacies of Stock Exchange procedure which it is not possible to explain within the limits of a Parliamentary answer.