Mr. PIKE PEASEasked the right hon. Gentleman if he will follow the precedent of the 1907 Budget of the present Prime Minister when Chancellor of the Exchequer, and state the method by which the estimate of £18,600,000 as the yield of the Death Duties during the present financial year was reached?
§ Mr. HOBHOUSEI have already explained, in my reply to the hon. Member on the 19th inst., that the estimate of £18,600,000 referred to is based upon the average yield of the past three years, after making certain necessary adjustments.