Stamp Duties (Cheques)

Mr. A. T. DAVIES
asked the Chancellor of the Exchequer whether the feasibility of reducing the price of the stamp below 2d. in cheques has been considered by the Board of Inland Revenue; and, if so, with what result?

Sir R. HORNE
The answer is in the negative. I regret that, in view of the loss of revenue involved, I am unable to contemplate a reduction of this duty in the current year.