§ Sir J. POWERasked the Chancellor of the Exchequer if he will state the cost to the Exchequer in issuing transfer deeds free to the public for the period 1st October, 1933 to 31st March, 1934; the cost to the Exchequer of the concession granted to stock exchange firms under Section 42 of the Finance Act, 1920, and the amendment of 1931 for the same period; the extent to which each stock exchange has taken advantage of that
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—— Duty exigible under old law. Exigible and paid under Section 42. Difference. £ £ £ London Stock Exchange … … 514,373 70,801 443,572 Birmingham Stock Exchange … … 80 38 42 Bristol Stock Exchange … … 1,705 377 1,328 Halifax Stock Exchange … … 35 5 30 Huddeisfield Stock Exchange … … 73 10 63 Leeds Stock Exchange … … 233 68 165 Liverpool Stock Exchange … … 729 124 605 Manchester Stock Exchange … … 2,122 593 1,529 Mincing Lane Stock Exchange … … 97 28 69 Nottingham Stock Exchange … … 61 15 46 Sheffield Stock Exchange … … 7,490 1,464 6,026 Provincial Brokers Stock Exchange … … 3,252 456 2,796 (a) Total for period 1st October, 1933, to 31st March, 1934. 530,250 73,979 456,271 (b) Total from 1st September, 1920, to 31st March. 1934. 7,132,347 1,371,687 5,760,660 privilege; and the aggregate totals since that section operated?
§ Mr. HORE-BELISHAThe cost of the transfer forms issued free to the public in the period from 1st October, 1933, to 31st March, 1934, was approximately £630.
The following table shows (a) the effect over the same period of the operation of Section 42 of the Finance Act, 1920, as amended by the Finance Act, 1931, and (b) the aggregate total from 1st September, 1920, when that Section came into operation, to 31st March, 1934.