§ Mr. Fauldsasked the Chancellor of the Exchequer whether, since the beginning of the parliamentary recess, any further objects have been accepted in satisfaction of estate duty or capital transfer tax.
§ Mr. Peter ReesYes. Two paintings by Alfred Sisley entitled "La Petite Place" and "L'Eglise de Moiet" and the Garter regalia of the First Earl of Northampton, comprising the collar, the Great George, the Lesser George and the Garter, have been accepted in lieu of capital transfer tax.
The cost borne by the National Land Fund after allowing for relief from capital gains tax and capital transfer tax was £71,162 for the paintings and £151,400 for the Garter regalia.
Announcements about the allocation of these objects will be made in due course, after taking advice from the Standing Commission on museums and galleries, by the Secretary of State for Scotland in the case of the paintings and the Chancellor of the Duchy of Lancaster in the case of the Garter regalia.