MILLIONAIRE ESTATES.

Evening Post, Volume LXXIV, Issue 78, 28 September 1907, Page 13

MILLIONAIRE ESTATES.

LARGE SUMS FROM DEATH DUTIES. A London journal remarks : — Although the financial year 1907-8 has not proved up to tho present (15th. -Uigusl) to be such a millionaires' year as last, the Budget receipts from the death duties up to last Saturday exceeded those, for the corresponding period of last year j by over £20,000. Mr. Asquith's receipts j so far have exceeded the receipts re- j quired to achieve his estimate by nearly i £1,250,000. Tho Chancellor of Iho Exchequer's good fortune in this respect still con- i tinues. Under five -wills reported on the 14th, which dispose -n tho aggregate of £1,523.387, the death duties will amount to about £128,400, and the- total receipts for the day will bo not less than £200,000. To achieve the estimate tho average receipt required per week is £270,000. Mr. A.squith's excess of receipts for this week will bo not less than 5100,000, bringing the total excess considerably over a million and a quarter sterling, while as yet the financial year has mii only -twenty weeks. Thongh inly three estates of millionaires have paid their toll to the duties this year, tno Exchequer hns taken toll j of .two other estates which amounted to j nearly a million apiece. Last week tho will was proved of Mr, Thomas Blackwell, of tho firm- of Messrs. Crosse and Blnckrrell, who left property- valued at £979,658, and which paid in duty over £83,000, and yesterday the will of Mr. Edward Yates, of Walworth. who left nearly £920,000, and paid in duties over £78.000, was proved. TJufc for the prevailing depression in tho price- ,of ■ securities therft is little- doubt that both thtse properties would have been valued at over £1,000,000.