HUSBAND AND WIFE.

Taranaki Herald, Volume LV, Issue 14011, 16 September 1909, Page 2

HUSBAND AND WIFE.

HOUSING AND TOWN PLANNING. By Electric Telegraph.—Copyright. LONDON, Sept. 10.

The Housing and Tow n Planning i3ill was lead a second time in tbo house oi Ixirds. . Clause 42 of the Finance Bill, increasing the legacy succession duties, was cairied by 192 to 62. . On clause 43, enacting death duties on gifts and dispositions inter vivos. unless made five years before the donor's death, Air. Balfonr remarked that if a donor within five years gave propeity to an institution for the preservation of cat*., the gilt would be untaxed, but if he gave £0000 to start a son in business the Exchequer would demand toll. Mr. Lloyd-George, Chancellor ot the. Exchequer, amid cheers, and yieldni'g to criticisms of some of the Liberals, agreed to reduce the period to tlir'-e years and exempt all marriage settlements from the operations of the clause. . Mr. Balfour, commenting on Mr. Lloyd-George's refusal to treat husbands and wive* as one person for purposes of death duties, although treated us one for income tax purposes, remarked that, haying fined the husband and wife for living together, the Government fined them again because they did not live together.