6 MARCH 1959, Page 20

CHANCELLOR FISCAL

SIR,—How right is your plea for an imaginative reform of our taxes, or at least a further step in that direction!

Particularly I welcome your support for reintro- ducing legacy duty to replace estate duty, If there is a case at all for taxing capital to spend the proceeds

as revenue it rests upon a fear of excessive accumula- tion of economic power in individual hands. Why, then, penalise even those who would divide their wealth amongst many beneficiaries?

You will find, sir, that this case was stated in Taxes for Today, the Bow Group pamphlet published last spring, to which I contributed.—Yours faithfully,

KENNETH DIBLIEN

Prospective Conservative Candidate for Barking Division of Essex

Junior Carlton Club, Pall Mall, SWI