§ Mr. POLLOCKasked the Chancellor of the Exchequer whether he is aware that the depreciation in value of securities upon the removal of the minimum prices restriction is on an average far in excess of the 7½ per cent. allowed by the Inland Revenue Commissioners, in pursuance of the direction of the Chancellor of the Exchequer, given in accordance with his answer to the hon. Member for North-East Lanarkshire on the 23rd September last; and whether he is prepared to give directions that when the minimum price was in force at the date of death, and has not since been removed, such securities shall be valued for Estate Duty purposes on a 5 per cent. basis, or that a greater allowance be given beyond 7½ per cent., and that if the minimum prices have been removed since the date of death the value shall be taken at the average market price of the day after such removal?
§ Mr. McKENNAI am giving directions for the increase of the allowance from 7½ to 12½ per cent. in the case of deaths since the 16th December last, the date of issue of the Prospectus of the 5 per cent. Exchequer Bonds.