§ MR. ASHTON (Bedfordshire, Luton)
I beg to ask Mr. Chancellor of the Exchequer if he will state in what manner 111 and on what basis the Commissioners of I Inland Revenue value an estate, and more especially premises licensed for the sale of liquor, for the purpose of estate duty.
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. AUSTEN CHAMBERLAIN,) Worcestershire, E.
There is a Question on the Paper for to-morrow in the name of the hon. Member for East Somerset, asking for this information in the shape of a Paper to be laid upon the Table of the House. Perhaps that will be the most appropriate manner for dealing with it, and I will consider by to-morrow whether it is possible to grant the Paper.
§ MR. AUSTEN CHAMBERLAIN
I must not be taken as giving a pledge, as I am considering if I can lay a Paper; but if the information is to be given in that form I will endeavour to have it ready before the Second Reading of the Licensing Bill.
§ * MR. ASHTON
Can the right hon. Gentleman say if the value of a licensed house is generally based on the estimated annual rental value multiplied by so many years purchase?