Land (Transfer Fees)

42.

Mr. D. G. SOMERVILLE
asked the Minister of Health whether he will, in  connection with his housing scheme, consider the desirability of recommending to the Government the cheapening of transfer fees in respect to land?

Mr. CHAMBERLAIN
I will give the matter careful consideration, and if my hon. Friend has a concrete suggestion to make I shall be glad if he will send me a note of it.

Mr. SOMERVILLE
Is the right hon. Gentleman aware that the transfer of a house value £400 costs about £15, including £5 for registration and £2 10s. Stamp Duty, whereas on the Stock Exchange you can transfer £400 worth of stock for £2.

Mr. CHAMBERLAIN
If the hon. Member will give me any suggestions he has to make, I will consider them.