HC Deb 19 November 1957 vol 578 cc176-7
4. Mr. E. Johnson

asked the Chancellor of the Exchequer why certain works of art and real estate were accepted from the executors of the late Duke of Devonshire in settlement of Estate Duty; what was the value of the works of art, houses, and land, respectively; and how the valuation was made.

Mr. P. Thorneycroft

The acquisition of these items through the National Land Fund was considered to be desirable under the terms of the relevant Finance Acts. The works of art were valued at £1,195,000 and Hardwick Hall and Park at £34,000. These figures were reached by negotiation between the executors and the Commissioners of Inland Revenue.

Mr. Johnson

May I ask my right hon. Friend if it is not a fact that two of these pictures were found to be in a very unsatisfactory condition, that extensive work had to be carried out on them and that they now have to be kept in special scientifically-controlled conditions? May I further ask my right hon. Friend whether the condition of the pictures was known when they were taken over and whether it is not most unsatisfactory, at a time when economy is needed, to spend over £1 million for a purpose of this kind?

Mr. Thorneycroft

I do not think so. Parliament has approved this particular method of paying Estate Duty and though these pictures needed repair, and are being most carefully repaired by experts, they are a great acquisition to the nation.

28. Mr. Cronin

asked the Chancellor of the Exchequer if he will take action to alleviate the hardship suffered by children when their parents have died simultaneously yet it is nevertheless presumed for the purpose of collecting Estate Duty that there has been an interval of time between the deaths of the parents with a consequent double payment of Estate Duty.

Mr. P. Thorneycroft

I will consider the hon. Member's suggestion when I am making my general review of taxation in connection with next year's Budget.

Mr. Cronin

Does the right hon. Gentleman appreciate that sympathetic consideration of this matter by him would bring him universal accord?