LORD ADOLPHUSVANEsaid he wished to ask the right hon. the Chancellor of 912 the Exchequer whether the legacy duty on successions would extend to property of all descriptions, whether under settlement or under trust?
§ The CHANCELLOR OF THE EXCHEQUERwas not aware of any distinction with reference to property under settlement and property under trust. He meant to take away the exemption of property under settlement, and such property would have no preference over any other kind of property.