§ Mr. WEDGWOODasked the Secretary to the Treasury whether (1) with reference to the evasion of death duties, any steps could be taken to secure a declaration from the survivor or survivors, on the transference of the stock to the survivor of any deceased trustee, that the deceased received no personal benefit under the trust, and that the trust was exclusively for the benefit of others; and (2) whether any steps could be taken by Somerset House to cause bankers in England to follow the Scottish practice, whereby the bankers of a deceased person only hand over his securities to the executors of the deceased on receipt of the inventory as passed by Somerset House, thereby obtaining a full declaration of the deceased's securities and an honest payment of death duties?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Hobhouse)I fear it would not be possible to propose legislation on the lines indicated at the present time.