MR. GIBSON BOWLES (Lynn Regis)
I beg to ask the Chancellor of the Exchequer whether he will inform the House what portion of the increased receipt of £3,500,000 or £4,000,000, which he estimates will be received annually from the Death Duties he has estimated would be derived from the increased receipts arising from Succession Duty being charged on the principal value of realty passing in fee simple instead of being charged on the value of an annuity; and whether he can state, either accurately or approximately, what proportion of the property whereon Death Duties were levied in 1891–2, amounting in all to £241,453,000, represented realty passing in fee simple, and what was the amount on which Succession Duty was levied in respect of such realty?
§ THE CHANCELLOR OF THE EXCHEQUER (Sir W. HARCOURT,) Derby
It was impossible to get the figures in the short time which has elapsed since the question appeared on the Paper. Notice of it was only given yesterday.