Oral Answers to Questions — Newspaper Insurance.

– in the House of Commons on 22nd March 1932.

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Mr. W. RUSSELL:

35.

asked the Chancellor of the Exchequer whether he will review for revenue purposes the practice of compounding the 6d. duty on insurance policies under Section 116 of the Stamp Act, 1931, since it produces only an estimated £36,000 for the current year upon the millions of policies and contracts insuring registered readers of newspapers and magazines?

Mr. CHAMBERLAIN:

I have noted my hon. Friend's suggestion, but he will not, of course, expect me to anticipate the Budget statement.