Stamp Duties (Cheques).

Oral Answers to Questions — Government Departments. – in the House of Commons on 17th November 1927.

Alert me about debates like this

Photo of Mr Carlyon Bellairs Mr Carlyon Bellairs , Maidstone

72.

asked the Chancellor of the Exchequer whether he is aware that, when a customer of a bank takes his own money from his account, a stamped cheque is demanded, but when he buys goods from a department stores, acting as a bank, he pays for these goods without any stamped cheque; and whether he proposes to put the two transactions on the same footing?

Photo of Mr Winston Churchill Mr Winston Churchill , Epping

If my hon. and gallant Friend will furnish me with particulars of some specific case which illustrates his point, I will consider it.

Photo of Mr Carlyon Bellairs Mr Carlyon Bellairs , Maidstone

Is my right hon. Friend aware that these stores act as banks—that they issue cheques, and that you may have a dozen different transactions over £2 and sign for them without any stamp; and why should not the banks be on the same footing?

Photo of Mr Winston Churchill Mr Winston Churchill , Epping

The question is a complicated one, and, in the form in which it has been put on the Paper by my hon. and gallant Friend, there is some doubt as to the exact part of the subject which he desires it to extend. If he will focus it precisely on the exact point, I will see if I can give him a more definite answer.