HARVEST OF DEATH DUTIES.

Dominion, Volume 3, Issue 831, 1 June 1910, Page 5

HARVEST OF DEATH DUTIES.

It is probable that tho arrears of deat) , duties for the last financial year limy exceed the «E1,380,000 which Mr. Lloyd George anticipate, for tho millionaire estates of that jicriod included those o-f the Morrisons aud others, the value of which v;as onlv temporarily appraised. The State exacts interest at 3 per cent, from the day of death on all arrears. The enormous value of the wills of tho year is shown in the following table:— Value. Average of each age No. of Total, Estate. at death. Estates, value. Over 1,000,000 ... 77J 6 .15,221,210 Over 500,000 ... 74J 11 7,524,678 Over 300,000 ... 714 36 12,935,782 Total 73 53 35,681,676 Under the Budget tho estate duty on tho above total varies from 8 to 15 per coat. The six millionaires wore:— Charles Morrison, 91, formerly of £ Fore Street 6,666,660 Sir Frederick Wills, 70, tobacco merchant 2,916,649 Sir Donald Currie, 83, shipowner 2,305,852 George Salting, 72, collector of works of art 1,332,049 Dr. Ludwig Jlond, 70, manufacturing chemist 1,000,000 Sir Alfred Hickmau, 79, coal and iron master 1,000,000 £15,221,216 The whole of the estate of which Miss Morrison had power of disposition probably exceeded .£2,000,000, but grant of probate was taken provisionally on part of the amount.