Oral Answers to Questions — National Finance. – in the House of Commons at on 2 July 1935.
Sir John Power
, Wimbledon
asked the Chancellor of the exchequer the cost to the Exchequer in issuing transfer deeds free to the public for the period 1st October, 1934, to 31st March, 1935; the cost to the Exchequer of the concession granted 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; and the aggregate totals since that Section operated?
| — | Duty exigible under old law. | Exigible and paid under Section 42. | Difference. |
| £ | £ | £ | |
| London Stock Exchange | 514,904 | 77,739 | 437,165 |
| Birmingham Stock Exchange | 368 | 95 | 273 |
| Bristol Stock Exchange | 1,239 | 344 | 895 |
| Halifax Stock Exchange | 54 | 8 | 46 |
| Huddersfield Stock Exchange | 33 | 5 | 28 |
| Leeds Stock Exchange | 362 | 79 | 283 |
| Liverpool Stock Exchange | 373 | 77 | 296 |
| Manchester Stock Exchange | 893 | 237 | 656 |
| Mincing Lane Stock Exchange | 95 | 84 | 11 |
| Nottingham Stock Exchange | 135 | 19 | 116 |
| Sheffield Stock Exchange | 7,049 | 1,841 | 5,208 |
| Provincial Brokers Stock Exchange | 3,925 | 448 | 3,477 |
| (a) Total for period 1st October, 1934, to 31st March, 1935. | 529,430 | 80,976 | 448,454 |
| (b) Total from 1st September, 1920, to 31st March, 1935. | 8,145,188: 5 | 1,544,551: 14 | 6,600,636: 11 |
Mr William Thorne
, West Ham Plaistow
Does the right hon. Gentleman think there would be any difficulty in giving people the opportunity of taking out a gun licence at any time they think proper?
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
As a bill passes through Parliament, MPs and peers may suggest amendments - or changes - which they believe will improve the quality of the legislation.
Many hundreds of amendments are proposed by members to major bills as they pass through committee stage, report stage and third reading in both Houses of Parliament.
In the end only a handful of amendments will be incorporated into any bill.
The Speaker - or the chairman in the case of standing committees - has the power to select which amendments should be debated.
