§ Mr. Fauldsasked the Chancellor of the Exchequer whether it is his policy to accept the Friends of the National Libraries, being a body listed in paragraph 12 of Schedule 6 to the Finance Act 1975, as an appropriate and eligible body to be specified in a will as a recipient by a testator who directs that a collection or group of books and manuscript material should be offered in satisfaction of capital transfer tax conditionally on its passing to the Friends, in the same way as the National Art-Collections Fund is eligible in the case of works of art.
§ Mr. Denzil DaviesYes—testators are free to name the Friends of the National Libraries as the ultimate recipient of an object which is to be offered in lieu of tax.