§ Mr. Russellasked the Chancellor of the Exchequer what the estimated yield from Estate Duties would be in the current financial year if the rates levied were at the pre-1949 and pre-1946 levels, respectively.
Mr. AmoryAbout £150 million and £125 million respectively compared with the Budget estimate for 1959–60 for death duties of £195 million. But in making this comparison it should be remembered that legacy and succession duty which were repealed in 1949 were then yielding, about £23 million.