HC Deb 11 November 1937 vol 328 cc1877-9W
Mr. De la Bère

asked the Chancellor of the Exchequer whether the Government would be prepared to consider recommending the allocation of part of the profits derived from the Exchange 1937, 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; the extent to which each Stock Exchange has taken advantage of that privilege; the aggregate totals involved; and whether he will consider amending the existing law so as to provide for the payment in full of 10s. per cent. ad valorem duty in the first instance and the remaining 10s. per cent. under the provisions of Section 42 of the Finance Act, 1920, and the amendment of 1931?

Sir J. Simon

The cost of the transfer forms issued free to the public in the period from 1st April, 1937, to 30th September, 1937, was approximately £400.

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, 1931, and (b) the aggregate total from the 1st September, 1920, when that Section came into operation, to 30th September, 1937.

The answer to the last part of the question is in the negative.

Equalisation Fund, and earmarking them as a special fund to enable the Home Office to assist the local councils or authorities throughout the country in connection with the provision of firefighting, anti-gas, and other apparatus, and organisation services to meet an emergency?

Sir J. Simon

The answer is in the negative.