4In Part I of Schedule 1 to the [1969 c. 18 (N.I.).] Finance Act (Northern Ireland) 1969 (determination of amount of estate duty payable on estate) for paragraph (b) there shall be substituted the following paragraph:
“(b)in any other case shall be the same amount as the amount of capital transfer tax which would, under section 37 of the Finance Act 1975, be charged on that aggregate principal value if it were the value transferred by a chargeable transfer made on death and the transferor had made no previous chargeable transfer”.