§ Sir P. Spensasked the Chancellor of the Exchequer whether he will bring up to date the figures supplied to the late hon. Member for Wednesbury by Written Answer dated 3rd August, 1943, and relating to the cost of issuing transfer forms free to the public, the cost of the concessions referred to Stock Exchange firms, the extent to which each Stock Exchange has taken advantage of the privilege, and similar totals to those previously supplied, from 31st March, 1943, to any recent convenient date.
§ Sir S. CrippsThe cost of the transfer forms issued free to the public in the period 1st April, 1943, to 31st March, 1950, was approximately £3,950. 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 67W Finance Act, 1931, and (b) the aggregate total from 1st September, 1920, when that
Exchange Duty if exigible at £1 per cent. or £2 per cent.* Exigible and paid under Section 42 Difference £ £ £ London Stock Exchange … … 7,874,559 1,045,404 6,829,155 Birmingham Stock Exchange … … 16,014 3,251 12,763 Bristol Stock Exchange … … 11,557 2,601 8,956 Cardiff Stock Exchange … … 14,383 4,812 9,571 Halifax Stock Exchange … … 267 66 201 Huddersfield Stock Exchange … … 349 18 331 Leeds Stock Exchange … … 371 155 216 Liverpool Stock Exchange … … 29,382 3,556 25,826 Manchester Stock Exchange … … 13,183 4,563 8,620 Mincing Lane Tea and Rubber Shareholders Association Ltd. … … 2,758 531 2,227 Newcastle Stock Exchange … … 236 29 207 Provincial Brokers Stock Exchange. … … 11,719 1,831 9,888 Sheffield Stock Exchange … … 29,519 4,002 25,517 Glasgow Stock Exchange … … 5,370 779 4,591 (a) Total for period 1st April, 1943 to 31st March, 1950 … … 8,009,667 1,071,598 6,938,069 (b) Total from 1st September 1920 to 31st March, 1950 … … 21,358,670 3,511,154 17,847,516 * The rate of duty was raised from £1 per cent. to £2 per cent. with effect from 1st August, 1947 (Section 52, Finance Act, 1947).