*CAPTAIN FABER (Hampshire, And over)I beg to ask Mr. Chancellor of the Exchequer whether, under the new Licensing Act, it is intended that the Government shall make provision for the extinction at the end of the time limit of any licences they may hold.
§ MR. ASQUITHI am not aware that the Government hold any licences, though certain Government Departments are no doubt in possession of interests in licensed premises. It will be for these Departments to consider what provision (if any) should be set aside against depreciation in the market value of such property as they do with respect to depreciation in other property for the management of which they are responsible.
*CAPTAIN FABERWould there have to be a sinking fund in the case of property already belonging to the Department?
§ MR. ASQUITHI have answered that Question.
*CAPTAIN FABERIf the houses already belong to different Departments, how can there be a sinking fund?
§ MR. ASQUITHI do not understand that Question.
§ *MR. SPEAKERThe hon. Member had better give notice.