§ 47. Mr. Cormackasked the Chancellor of the Exchequer whether he is satisfied 91W with the way in which the resources of the National Land Fund are used to acquire works of art of outstanding national interest.
§ Mr. Denzil DaviesThe National Land Fund is not strictly used to acquire works of art but to pay the Commissioners of Inland Revenue for the amount of estate duty or capital transfer tax satisfied by the acceptance of works of art and other property as well as to reimburse the Secretaries of State responsible for expenses incurred in the acquisition of historic buildings. I am satisfied with the present arrangements, but keep them under regular review.