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Wednesday, 16 December 1914

Senator PEARCE (Western Australia) (Minister of Defence) .- The ten who receive £200 will pay a proportion of the duty. May I put this as an illustration: If the smaller beneficiary's share in an estate be one-fiftieth of the whole of that estate, that share will be charged with one-fiftieth of the duty, and the balance will be apportioned amongst the other beneficiaries.

Senator Millen - Then why is paragraph b necessary at all? The Minister is going back to paragraph a.

Senator PEARCE - No, I am not, because there may not be forty-nine other beneficiaries. This paragraph does not give a beneficiary an equal share. It provides that where a beneficiary's share in an estate is one-fiftieth of the total estate, it must pay one-fiftieth of the duty.

Senator Millen - It would do that under paragraph a of the clause.

Senator PEARCE - No. Under paragraph a it is assumed that there are fortynine other beneficiaries. Where a bene.fieiary's share represents only one-fiftieth of the value of the whole estate there may be two other beneficiaries who receive forty-nine-fiftieths of the estate.

Senator Findley - Then the smaller beneficiary will pay his proportion of the duty?

Senator PEARCE - Yes, and the balance of the duty will be divided amongst the others, who will pay duty in proportion to the amounts they receive?

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