164
THE THIRD SCHEDULE.
[s. 13 (4), (5).]
Tables of the values of annuities to be used for the calculation of estate duty on an interest in a property, au anunity or annual sum of money for life. The values of an annuity of $100 per annum held on a single life.
Years of Age.
Years of
Value.
Value.
Years of
Value.
Age.
Age.
$
悲
$
Birth
946
32.
809
64.
426
953
33.
802
65..
410
2
958
34.
795
66...
395
963
35..
787
67.
380
964
36.
779
68
366
963
37
770
69.
352
960
38.
762
70.
338
7
956
39.
753
71.
325
8
951
40.
743
72.
311
9
945
41.
734
73.
298
10
939
42.
728
74.
284
11
932
43.
713
75.
270
12
924
41.
701
76
255
13
916
45.
689
77
238
14
908
46.
677
78.
222
15
900
47.
664
79.
206
16
891
48.
650
80..
190
17
883
49.
635
81
175
18
876
50.
621
82
160
19
870
51.
606
83.
146
20
864
52..
592
84.
131
21
859
53.
378.
85.
117
22
856
54.
565
86.
103
23
853
ذة
551
87.
92
24
850
56.
536
89.
82
25
847
57
525
89.
74
26
843
58
512
90.
66
27
838
59
499
91.
61
28
833
60.
486
92.
53
29
828
61
471
93.
46
30
822
62.
157
94.
39
31
816
63
441
95.
32
Objects and Reasons,
The object of this Bill is to endeavour to place upon a more regular and satisfactory footing than at present obtains the law and the administrative arrangements relative to the payment and collection of the duty leviable upon the estates of deceased persons.
66
*
The existing law, contained in Ordinance No. 2 of 1897 and Ordinance No. 16 of 1901, sections 22 to 27, is not altogether satisfactory. The definitions of
property are not exhaustive, and there exists no effective machinery for enforcing a full disclosure of the property of a deceased person. The Bill therefore defines" property in detail and provides the Commissioner with suitable means "for obtaining all the necessary information.
The Bill also contains rigorous provisions imposing upon various classes of persons against whom under the present law it would be impossible to proceed the obliga- tion of seeing, so far as they are concerned, that the law shall be carried out; the principle involved being that it is the duty of persons cognisant of property, a portion of which belongs to the revenue of the Colony, to assist Government in ensuring that its revenue shall not be defrauded. In this connection the Bill also provides that a schedule of property shall be attached to every Probate or Letters of Administration and throws an obligation on any person who deals with the property of a deceased person after the grant of Probate or Letters of Administra- tion, of making certain that all the property with which such person in fact deals is actually included in the schedule attached to the grant.