§ Mr. Hileyasked the Chancellor of the Exchequer if he will consider introducing an Estate Duty savings scheme, enabling an individual to purchase Estate Duty certificates of£100,£1,000, or other suitable denominations, the aggregate value of which in any particular case would be credited against the contingent liability to Estate Duty arising on his death, the sum so saved being itself exempt from Estate Duty, Capital Gains Tax and any other form of taxation and from aggregation.
§ Mr. Roy Jenkins:I have considered such a scheme but I am not in favour of its introduction.