§ (1) Simple interest at the rate of 3 per cent. per annum without deduction for income tax shall be payable upon all estate duty from the date of the death of the deceased, or, where the duty is payable by instalments, from the date at which the first instalment becomes due, and shall be recoverable in the same manner as if it were part of the duty.
§ (2) The foregoing provision shall apply to the interest on all death duties as defined by section 13 of the principal Act in like manner as if it were herein re-enacted and made applicable to those duties.
§ (3) The Commissioners of Inland Revenue may remit the interest on any such death duties when the amount appears to them to be so small as not to repay the expense and trouble of calculation and account.
§ Clause read the First and Second time, and ordered to stand part of the Bill.
§ MR. DISRAELI (Cheshire, Altrincham) moved to insert the following clause:—