Oral Answers to Questions — Stamp Duties (Cheques).

– in the House of Commons on 18th November 1930.

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Photo of Mr Cooper Rawson Mr Cooper Rawson , Brighton

52.

asked the Chancellor of the Exchequer whether he can give an estimate of the loss of revenue in cheque stamps arising out of the proposal of certain banks to credit periodical payments by firms to their customers by means of a single cheque to the firm's bank, out of which credits will be passed to the banks of the respective customers?

Photo of Mr Philip Snowden Mr Philip Snowden , Colne Valley

No, Sir. There is as yet no material in my possession upon which an estimate could be based.