HC Deb 11 November 1974 vol 881 cc29-30W
Mr. Hardy

asked the Chancellor of the Exchequer if any property has recently been accepted in lieu of estate duty under the provisions of Section 56 of the Finance Act 1910, Section 49 of the Finance Act 1946, Section 30 of the Finance Act 1953, and Section 34 of the Finance Act 1956.

Mr. Robert Sheldon

Yes, about 200 acres of land in the Lake District, comprising Fieldhead Farm in Eskdale and Underhelm Farm, Grasmere, and certain chattels associated with Cotehele House, Cornwall, have been accepted and transferred to the National Trust to be held for the enjoyment of the public.

A portrait of Ellen Terry known as "Choosing" by George Frederick Watts, a self-portrait of George Richmond, a drawing, "William Blake, Walking" by George Richmond and a silver-gilt trophy wrought by Paul Storr and presented to Lord Exmouth by officers who served under him in the bombardment of Algiers in 1816, have also been accepted and an announcement of their destination will be made by the Minister responsible for the arts in due course.

The total cost borne by the National Land Fund after allowing for relief from estate duty and capital gains tax is £140,140.