§ MR. LODER (Brighton)
I beg to ask the Chancellor of the Exchequer whether the Probate Duty on the value of a publican's licence has hitherto been calculated on the full term of his tenure; and, if so, whether, in view of the legislation which he proposes, and of his statement that licences are annually terminable, he will direct that the practice be discontinued, and Probate Duty assessed at one year's value only in future?
§ SIR W. HARCOURT
Yes; I think that is a matter well deserving of consideration. I will communicate with the Inland Revenue on the subject.