§ Mr. DUNCAN MILLARasked the Chancellor of the Exchequer whether he is pre- 577W pared to meet the hardship arising in cases where, owing to the War, trust securities have to be realised at a heavy loss in order to meet the payment of Death Duties, or where such securities are at present unrealisable; and what steps he proposes to take in the matter?
§ Mr. McKENNAWhere it is proved to the satisfaction of the Commissioners of Inland Revenue that securities are unsaleable at the minimum price in force, they will be prepared to accept for Death Duty purposes valuation of the securities concerned at the present minimum price, less an allowance of 7½ per cent.