§ Sir G. Broadbridgeasked the Chancellor of the Exchequer whether he is aware that the rate of interest payable upon arrears of Death Duty is at present 3 per cent. without deduction of Income Tax, and that with the standard rate of tax at 10s. in the £ this is now equivalent to a rate of interest of 6 per cent. gross; and whether, having regard to prevailing rates of interest on Government securities, he will consider a reduction in the present gross rate of interest on arrears of these duties?
§ Sir K. WoodRepresentations have been made to me on the subject which my hon. Friend raises in his Question, and I will bear them in mind in framing my Budget for the forthcoming year.