MR. ALDERMAN W. LAWRENCEasked Mr. Chancellor of the Exchequer, If he will consider the advisability of offering greater inducements and facilities for redeeming the Land Tax, especially by causing the amount to be paid for redeeming a charge of Land Tax to be calculated according to a certain number of years purchase without any reference to the price of consols?
THE CHANCELLOR OF THE EXCHEQUER (Mr. GLADSTONE)Sir, there is a Bill now in preparation for consolidating and simplifying the law relating to the Land Tax, and, in all probability, some provision may be inserted in the Bill for the purpose of substituting a given number of years' purchase for the price varying with the price of the Funds; but the number of years must not at present be stated.