§ Mr. Cartwrightasked the Chancellor of the Exchequer if any further objects have recently been accepted in lieu of estate duty.
§ Mr. Denzil Davies:Yes, a number of mediaeval ivories have been accepted under the provisions of Section 34 of the Finance Act 1956. The total cost borne by the National Land Fund after allowing for exemption from estate duty and capital gains tax is £331,100.
The Minister responsible for the Arts will announce the destination of these items in due course after taking advice from the Standing Commission on Museums and Galleries.