Oral Answers to Questions — Post Office. – in the House of Commons am ar 11 Gorffennaf 1922.
Mr Fredric Wise
, Ilford
asked the Chancellor of the exchequer if he can see his way to pay dividends on all Government registered stocks quarterly instead of half-yearly?
Mr John Baird
, Rugby
The answer is in the negative. I see no reason why an unconvenanted benefit of the kind proposed should be given to holders of Government stock without some equivalent being secured for the taxpayer.
Mr Arthur Samuel
, Farnham
If that proposal were put into operation, would it not cost us a sum of not less than £1,000,000 sterling out of taxation?
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.
