§ Mr. Straussasked the Chancellor of the Exchequer if he has recently accepted, in lieu of estate duty, any work of art under Section 34 of the Finance Act, 1956.
§ Mr. DiamondYes. Agreement has been reached between Her Majesty's Government and the executors of the estate of the late Charles Maresco Pearce for the acceptance, in part-satisfaction of Estate Duty, of the painting by Gauguin, "Landscape Le Pouldu", also known as "Le Moisson au Bord de la Mer". The cost to the National Land Fund, after allowing for Estate Duty exemption, is £47,000. The advice of the Standing Commission on Museums and Galleries was sought on its disposal; and, in the light of the known wishes of the late owner, it has been decided that the picture should remain in the Tate Gallery, to which it was lent in 1964 by the late Mr. Pearce.