§ 64. Mr. Meacherasked the Chancellor of the Exchequer what estimate he has made of the yield from an annual tax on capital holdings in private hands which was levied, above an exemption ceiling of the first £50,000, at a rate of 1 per cent. on the next £50,000 tranche and an extra 1 per cent. on each succeeding £50,000 tranche up to a maximum of 10 per cent.
§ Mr. HigginsAbout £600 million.