§ Mr. MAURICE HEALYasked the Chancellor of the Exchequer if he can state whether estate duty is claimed in England on tenancies in agricultural land held under ordinary agricultural leases or tenancies at full rents?
§ Mr. LLOYD-GEORGETenancies in agricultural land in England are governed—for the purpose of estate duty—by the same rule of valuation as other property. If they have no market value, no estate duty is claimed.