Mr. PIKE PEASEasked the Chancellor of the Exchequer what was the yield of the Estate, etc., Duties in each of the last three years; and if he will explain, in view of the fact that he stated on the introduction of the Budget that the revenue from Estate Duties on the old basis of taxation was estimated at the average amount of the previous three years, how the figure £18,600,000 was reached?
§ Mr. HOBHOUSEThe yield of the Estate, etc., Duties in each of the last three years was as follows:—
| 1906–07 | … | … | £18,958,000 |
| 1907–08 | … | … | £19,070,000 |
| 1908–09 | … | … | £18,370,000 |
§ The estimate of £18,600,000 represents the average for the three years after making certain necessary adjustments.