The Sun.
London, England, 1850-05-14 00:00:00

STAMP DUTIES BILL.

The Howe went into Committec on this Bill, and
The CHANCELLOR of the EXCHEQUER placed
in the hands of the Chairman the resolutions which
forrnel the foundation of the Bill.
Sir H. WILLOUGHBY wished to know the nature
of the resolutions, otherwise the House would be sanc-
tioning something which they did not know the na-
ture of.

The CHANCELLOR of the EXCHEQUER was un-
derstood to say, that the resolutions he now proposed
strictly carried out the scheme which he had previously
stated on Friday last, for reineing taxation to the extent
of 300,000/. There was to be a duty of one per cent. on
conveyances, and one-eighth per cent. on mortgages and
bonds. The only alteration was with respect to the
schedule for Ireland, which would be deferred.

Mr. DISRAELI thought the resolutions ought not to
be printed before they were submitted to the House.
The CHANCELLOR, of the EXCHEQUER said it
would be competent, at the neat stage, tor any lion.
Member to propose any alteration or redaction in Corn-
mittee.

Sir H. WILLOUGHBY was of opinion that, instead
of a reduction to the extent of 300,0001.. as stated, there
would be really an increase of taxation. This showed
the necessity of the Committee understanding what the
resolutions were before they agreed to let them be
brought in. He was perfectly persuaded that a Grin
conviction pervaded the minds of the mass of the people
that if this Bill were passed, the nation would be grossly
deceived in its effect; tor, instead of reducing taxation,
the result would be to increase it. He wished the Right
lion. Gentleman to lay on the table of the House those
calculations on which he arrived at his conclusion, so
as it might be seen where the loss of 300,0001. would
wise. He thought the Right Hon. Gentleman ought to
afford the data, showing where the loss to taxation or
where the gain would be,. For his own part, he believed
the loss was greatly overrated, and be suspected there
was some great error in tha Right Hon. Gentleman's
calculations; therefore, ho conceived it was but fair to
the House to lay before it some documents which could
easily be obtained from the Stamp-office. to show the
amount of loss anticipated with respect to leases and
conveyances.
Mr. HUME thought the resolutions ought to be
printed, and put into every Member's hands, so that all
might understand where the loss or where the increase
would arise.
Mr. GROGAN wished to know if it were competent
for any Member in Committee to move a reduction in
any one of the proposed items?
The CHANCELLOR of the EXCHEQUER said re-
ceipts would not be included in the reductions. He in-
tended to confine the measure to certain items of the
stamp duties already enumerated, without intending to
include anything else.
Mr. FORBES thought the schedule ought first to he
printed, for the informaticu of Member!.
Mr. MULLINGS having given a list of the items
which were to be affected by the proposed alteration,
wished to know it he had name I them all?
The CHANCELLO It of the EXCHEQUER remarked
that in the schedule agreemt,nts were included which were
not included in the previous schedule.
Mr. GROGAN desired to know whether it would be
competent to move for the reduction of any other of the
stamp duties in Committee?
Mr. GOULBURN thought the resolutions ou;ht to
be adopted. They would then appear in the votes, and
any Hon. Gentleman who might have an amend-
ment to move when the report was brought up would
find himeelf placed in the same situation as he was at
present.
. The resolutions were then adopted.