§ Mr. Bowlesasked the Chancellor of the Exchequer what will be the loss to the Exchequer in Income Tax, Surtax and Estate and other Death Duties on account of a recent gift to trustees of £10,000,000, assuming that the donor lives for three years after the date of the gift and the rates of taxation remain the same as they are to-day?
§ Sir K. WoodI would refer my hon. Friend to my reply of 16th March to the Question by the hon. Member for East Middlesbrough (Mr. A. Edwards), of which I am sending him a copy. Similar considerations apply to the gift to which my hon. Friend refers in his Question.