§ Mr. William Roots (Kensington, South)
I beg to move Amendment No. 126, Schedule 9, in page 93, line 20, to leave out from end of line to end of Schedule and to insert:(4) Notwithstanding the provisions of the foregoing sub-paragraphs of this paragraph this paragraph shall not apply to the estimation of the market value of any shares or securities in a company resident in the United Kingdom, being shares or securities that are not dealt on a Stock Exchange in the United Kingdom, and the market value of any such shares or securities shall be determined by the Commissioners of Inland Revenue as if the value of the said shares or securities fell to be ascertained in accordance with the provisions of subsections (1) and (2) of section 40 of this Act, for the purposes of Estate Duty.(5) Any person aggrieved by the decision of the Commissioners of Inland Revenue with respect to any such determination as is mentioned in sub-paragraph (4) of this paragraph may appeal to the High Court within the time and in the manner directed by the Rules of Court for the time being applicable to section 10 of the Finance Act 1894 and the value of the said shares or securities shall be determined by the High Court. The provisions of subsections (2) and (5) of the said section 10 shall apply to any such appeal.