BRITISH STAMP DUTY.
PLEA FOR REDUCTION. By Telegraph.—Press Assn.—Copyright. London, March 9. The High Commissioners and the Australian Agents-General, with Mr. Glendyne Campion, discussed the question of obtaining a revision 6f the composition stamp duty charged in respect to loans. It was decided to memorialise Sir Robert Horne asking him to reduce the composition for transfers from the present rata of 25 per cent, for a currency of sixtj years to 10 per cent, for ten years. The memorial points out that the present high duty is handicapping the London market compared with New York, where there is no stamp duty. The memorial also asks that the stamp duty on issues of a purely municipal character should be 20s per cent., like bonds issued by municipalities, instead of being charged. 40s, like commercial corporations.
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Taranaki Daily News, 11 March 1922, Page 7
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134BRITISH STAMP DUTY. Taranaki Daily News, 11 March 1922, Page 7
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