134 TRANSACTIONS OF ROYAL SCOTTISH ARBORICULTURAL SOCIETY. 



woodlands. Subsection 5 of Section 61, which specially deals 

 with woodlands, is in the following terms : — 



"Where an estate, in respect of which estate duty is payable 

 on the death of a person dying after the passing of this 

 Act, comprises land on which timber, trees, or wood 

 are growing, the value of such timber, trees, or wood 

 shall be aggregated with the other property passing 

 on the death of the deceased for the purpose of 

 determining the value of the estate and the rate of 

 estate duty ; but the estate duty which, but for this 

 subsection, v/ould be payable on the principal value of 

 the timber, trees, or wood shall not be payable thereon, 

 but shall at the rate so ascertained be payable on the 

 net moneys (if any), after deducting all necessary 

 outgoings since the death of the deceased, which may 

 from time to time be received from the sale of the 

 timber, trees, or wood, when felled, during the period 

 which may elapse until the land on the death of some 

 other person again becomes liable or would, but for 

 this subsection, have become liable to estate duty, and 

 the owners or trustees of such land shall account for 

 and pay the same accordingly as and when such 

 moneys are received, with interest at the rate of three 

 per cent, per annum from the date when such moneys 

 are received : 



" Provided that if at any time the timber, trees, or wood 

 are sold, either with or apart from the land on which 

 they are growing, the amount of estate duty on the 

 principal value thereof, which, but for this subsection, 

 would have been payable on the death of the deceased, 

 after deducting the amount (if any) of estate duty paid 

 in respect of the timber, trees, or wood under this 

 subsection since that date, shall become payable." 



A new scale of rates of estate duty has been instituted, and a 

 comparison between it and the previous scale shows that on the 

 larger estates the duty has been very much increased. For 

 instance, an estate between ;^75,ooo and ^100,000 formerly paid 

 5^ per cent., whereas estates between ;^7o, 000 and ^^100,000 now 

 pay 8 per cent. The latter rate was only payable previously on 

 estates between ^^250,000 and ;i^5oo,ooo, whereas an estate of 



