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16 June, 1911.] Double Estate Duties. [lOth Day. General BOTHA : I understand you cannot give us anything. Mr. LLOYD GEORGE : lam afraid I cannot face the loss. The whole of these Resolutions would cost the Exchequer in revenue here 4j millions annually. Mr. MALAN: Is not that on the basis that you give up your whob tax, whereas our pioposition is that you should only for. go the difference. Mr. LLOYD GEOEGE : I have already told you that that is a thing I will consider. That is a totally different proposition which has not been before me before and I should like to consider that. I am now taking the figures as they stand. The other suggestion I should like to have a little time to consider, as it is the first time the proposition has been submitted to me in that form. Mr. MALAN: My point is that you should consider that suggestion in connection with the death duties as well as in connection with income tax. Mr. LLOYD GEORGE : I am prepared to consider it, but I am not so hopeful with regard to death duties as I am with regard to income tax. Mr. MALAN : We will be satisfied with that. General BOTHA: I will not press the Resolution further after what the Chancellor of the Exchequer has said. Stamp Duty on Colonial Bonds. That in order to encourage investment in the bonds of oversea Dominions it is desirable that debentures or other securities issued in the United Kingdom by, or on account of, the Governments of the self-governing dependencies should be exempted from stamp duty. Sir JOSEPH WARD : After the interview I have had with the Chancellor of the Exchequer I am prepared to withdraw my Resolution. Mr. LLOYD GEORGE : Yes, so I understand. Mr. HARCOURT : It is an amicable settlement. Sir JOSEPH WARD : Yes. Mr. LLOYD GEORGE : We had a full discussion with Sir Joseph Ward about stamps. Uniformity in Currency and Coinage Laws. Australia. That with a view to facilitating trade and commerce throughout the Empire, the question of the advisableness of recommending a reform of the present units of coins ought to engage the earnest attention of this Conference. New Zealand. That it is in the best interests of the Empire that there should be more uniformity throughout its centres and dependencies in the law of currency and coinage. The PRESIDENT : I do not know whether the Commonwealth of Australia or New Zealand are going to take this up. Mr. PEARCE : As far as our Resolution is concerned, Mr. Fisher desires it to be postponed. Mr. HARCOURT : I am sorry to say it is not possible to postpone it until Monday as we have already so full an Agenda Paper for the only two sittings we have next week.

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