HC Deb 01 May 1907 vol 173 cc957-8

4. "That no deduction or repayment be allowed in any year in respect of the diminished value, by reason of wear and tear, of any machinery or plant which, when added to the deductions or repayments allowed on that account in previous years, will make the aggregate amount

estate duty under section seventeen of The Finance Act, 1894, be amended so that —

of the deductions or repayments exceed the actual cost of the machinery or plant."