Orders of the Day — Stamp and Motor Licence Duties.

– in the House of Commons on 14th April 1930.

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The Finance Bill will contain certain proposals for minor reliefs from Stamp Duties as they affect certain schemes of rationalisation and amalgamation. The cost of these proposals is estimated at about £250,000. I also propose to make the small alterations with regard to motor licences which were proposed by the right hon. Gentleman last year. These affect motor cycles, commercial vehicles of between two and 2½ tons, and petrol-electric vehicles. The changes will take effect from the 1st July next in the first two cases, and from the 1st January next in the case of petrol-electric vehicles. The cost will be small, about £20,000 a, year to the Exchequer and about £90,000 to the Road Fund.