Mr. Childers further gave a most encouraging account of the
steady rise in the yield of each penny of Income-tax, and also of the progress made in the reduction of Debt; and then he passed to the future. He declared his wish to deal soon with the death duties,—probate, legacy, and succession duties,— whenever a great scheme for the reform of local government should be introduced, and he declared that the chief principles of such a measure as he looked to must be the following :— (1), That the death duties ought to give more than they now do to the Revenue ; (2), that when the remissions of special bur- dens an the land contemplated under the local government reform are carried oat, the death duties on real property ought to be increased relatively to those on personal property ; and (3), that property in mortmain should be made to pay the tax.
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