§ Mr. Banfieldasked the Chancellor of the Exchequer the cost to the Exchequer in issuing transfer deeds free to the public for the period 1st April, 1939, to 31st March, 1941, and of the concession to Stock Exchange firms under Section 42 of the Finance Act, 1920, and the amendment of 1931 for the same period, and from September, 1920, to 31st March, 1941; the extent to which each Stock Exchange has taken advantage of that privilege; the aggregate totals involved; and whether the members of the Association of Stock and Share Dealers are given the privileges of the amendment of 1931?
§ Sir K. WoodThe cost of the transfer forms issued free to the public from 1st April, 1939, to 31st March, 1941, was 57W approximately £435. The following table shows (a) for each Stock Exchange the effect over the same period of the operation of Section 42 of the Finance Act, 1920, as amended by the Finance Act, 10,31, and (b) the aggregate total from the 1st September, 1920, when that Section
Exchange Duty if exigible at £;1 per cent. Exigible and paid under Section 42. Difference. £ £ £ London Stock Exchange 669,788 131,181 538,607 Birmingham Stock Exchange 1,745 392 1,353 Bristol Stock Exchange 670 231 439 Cardiff Stock Exchange 1,198 808 390 Halifax Stock Exchange 119 51 68 Huddersfield Stock Exchange 60 31 29 Leeds Stock Exchange 50 45 5 Liverpool Stock Exchange 234 50 184 Manchester Stock Exchange 952 362 590 Mincing Lane Tea & Rubber Shareholders' Association Ltd. 52 31 21 Newcastle Stock Exchange 26 6 20 Nottingham Stock Exchange 188 61 127 Provincial Brokers' Stock Exchange 1,989 619 1,370 Sheffield Stock Exchange 7,139 1,567 5,572 (a) Total for period 1st April, 1939 to 31st March, 1941. 684,210 135,435 548,775 (b) Total from 1st September, 1920 to 31st March, 1941 12,407,798 2,292,139 10,115,659