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Thursday, 3 March 1932

Mr BLAKELEY (DARLING, NEW SOUTH WALES) - Has the Prime Minister read the report of the AuditorGeneral that bonds of a face value of £8,800 were purchased fay the executor of a deceased person's estate for £7,897, lodged in payment of estate duty, and accepted by the Treasury at their face value? Subsequently, upon the reassessment of the estate, £3,902 was repaid to the executor in cash, involving a loss to the Treasury of £400, and a corresponding gain to the estate. Having regard to the injustices and anomalies which are possible under the existing system, will the Prime Minister investigate the practice of accepting bonds at their face value, particularly bonds purchased by executors after the decease of the testator, with a view to protecting the public revenues?

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