§ Sir J. POWERasked the Chancellor of the Exchequer the cost to the Exchequer in issuing transfer deeds free to the public for the period 1st April, 1934, to 30th September, 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 privilege; and the aggregate totals since that Section operated?
§ Mr. COOPERThe cost of the transfer forms issued free to the public in the period from 1st April, 1934, to 30th September, 1934, was approximately £480. The following table shows (a) the effect over the same period of the operation of Section 42 of the Finance Act, 1920, as 1045W amended by the Finance Act, 1931, and (b) the aggregate total from 1st Septem-
— Duty exigible under old law. Exigible and paid under Section 42. Difference. £ s. d. £ s. d. £ s. d. London Stock Exchange 469,928 10 0 87,871 6 6 382,057 3 6 Birmingham Stock Exchange 664 5 0 83 15 6 580 9 6 Bristol Stock Exchange 1,737 5 0 603 15 0 1,133 10 0 Halifax Stock Exchange 64 0 0 7 10 0 56 10 0 Huddersfield Stock Exchange 41 0 0 4 10 0 36 10 0 Leeds Stock Exchange 223 15 0 98 10 0 125 5 0 Liverpool Stock Exchange 649 10 0 209 0 0 440 10 0 Manchester Stock Exchange 939 5 0 480 0 0 459 5 0 Mincing Lane Stock Exchange 52 0 0 52 10 0 10 0 Nottingham Stock Exchange 48 0 0 6 0 0 42 0 0 Sheffield Stock Exchange 6,691 0 0 2,098 2 0 4,592 18 0 Provincial Brokers Stock Exchange 2,372 15 0 373 15 0 1,999 0 0 (a) Total for period, 1st April, 1934, to 30th September, 1934. 483,411 5 0 91,888 14 0 391,522 11 0 (b) Total from let September, 1920, to 30th September, 1934. 7,615,758 5 0 1,463,575 14 0 6,152,182 11 0