§ Sir JOHN LONSDALEasked if the benefits of Sub-section (2) of Section 61 of the Finance (1909–10) Act, 1910, only apply to the property of a deceased person where a fixed duty is payable and where the gross assets do not exceed £500?
§ Mr. HOBHOUSEThe answer is in the affirmative, for the reason that in other than fixed-duty cases, the duty, under the provisions of the Finance Act, 1894, is only chargeable upon the net value of the property, after deduction of the charges or liabilities referred to in the Sub-section in question.