§ 22. Mr. CASSELasked what amount of revenue it is estimated would be lost during the current financial year if Clause 12 of the Finance Bill, as amended in Committee, were made not to apply to settlements in respect of which Settlement Estate Duty had been paid before the passing of the Finance Bill into law?
§ Mr. MONTAGUThe loss is estimated at upwards of £100,000 in 1914–15.
§ Mr. CASSELIs that allowing for the concession that has been made?
§ Mr. MONTAGUYes.
§ 20. Mr. GODFREY LOCKER-LAMPSONasked the Chancellor of the Exchequer whether the assessment of income from possessions under Clause 5 of the Finance Bill will be based on the income of the three preceding years
§ Mr. MONTAGUThe answer is in the affirmative.