§ Mrs. COPELANDasked the Chancellor of the Exchequer whether the Stamp Duty of one-half of 1 per cent. upon authorised capital, or any impost equivalent to or similar in character to that, which is paid by limited liability companies upon incorporation, is also levied upon co-operative societies?
Year. Provision in Budget. Cash issued from Revenue. Notes. Budget deficits were as follows:— £ £ £ 1919–20 … … — 5,430,210 326,201,547 1920–21 … … 6,686,000 21,266,858 — 230,556,789* 1921–22 … … 23,456,000 25,010,610 — 45,693,246* 1922–23 … … — 24,710,782 — 101,515,848* 1923–24 … … 40,000,000 40,000,000 — 48,329,073* 1924–25 … … 45,000,000 45,000,000 — 3,658,884* 1925–26 … … 50,000,000 50,000,000 14,038,120 1926–27 … … 60,000,000 60,000,000 36,693,794 1927–28 … … 65,000,000 65,000,000 — 1928–29 … … 65,000,000 57,509,435 — 1929–30 … … 50,400,000 47,748,315 14,523,263 1930–31 … … 55,400,000 66,830,431 23,275,970 1931–32 … … 32,600,000 32,507,786 — 364,337* 1932–33 … … 32,500,000 26,330,450 32,278,988† * Budget surpluses. † During this year a payment of £28,956,000 was made in connection with the debt to the United States Government for which no provision was made in the Budget. His Majesty's Government reserved the right to treat the whole of this sum as a capital payment of which account should be taken in any final settlement. Roughly £9,000,000 of this sum is included in the figure of £26,330,450 in the third column.