Section 56(1) of British Finance which was again amended by the British Finance Act of 1949 read thus: "56(1) The Commissioners may, if they think fit, on the application of any person liable to pay estate duty or settlement estate duty accept in satisfaction of the whole or any part of such duty any such real (including leasehold) property as may be agreed upon between the Commissioners and that person." The legal position in the United Kingdom as it existed in 1965 in so far as transfer of real and leasehold property in payment of estate duty is concerned is summarized in Dymond 's Death Duties (14th Edition) at pages 720 721 thus: "D Transfer of Property in Payment of Duty : (1) Real and leasehold property: By section 56(1) of the Finance , as extended and amended by section 49 of the Finance Act, 1946 (which applies to deaths at any time) and the Finance Act, 1946 (which applies to deaths at any time) and the Finance Act, 1949, Sched.