§ Mr. FELLasked the Chancellor of the Exchequer what steps he proposes to take to prevent the valuers of property for Estate Duty making valuations showing a value in excess of the valuation made by the valuers under the Finance-Act who are valuing for Increment Duty; and whether all these valuers are acting under the instructions of the Treasury?
§ Mr. ILLINGWORTHValuations for Estate Duty purposes of property passing on death, as well as valuations of the same property for the purposes of Part I. of the Finance (1909–10) Act, 1910, are now being made in each case by the same valuer and at the same time, and consequently valuations returned for Death Duty purposes 194 are being adjusted daily by way either of increase or of decrease. All valuers are acting under the instructions of the Commissioners of Inland Revenue.
§ Mr. FELLIs the hon. Gentleman now convinced that this will prevent cases such as were brought to the attention of the Chancellor on his Vote the other day arising in future?
§ Mr. ILLINGWORTHThat is the hope and the intention of the reply which I have given.