§ 58. Sir John Mellorasked the Chancellor of the Exchequer if he will issue on tap, with an appropriate rate of interest, a long term stock carrying to the personal representatives of the applicant a non- 627 transferable right of surrender at par in payment of Estate Duty.
§ Sir J. AndersonI have noted my hon. Friend's suggestion but I doubt whether it is a practicable one.
§ Sir J. MellorWill my right hon. Friend agree that the Government would not lose anything by such an issue, because if the applicant died the Government would keep his money, and would merely cease to pay interest upon it?
§ Sir J. AndersonIt is not a question of whether the Government would be likely to lose, but whether to attach a nontransferable right in the manner suggested in the Question would be practicable.