§ Mr. ASHLEYasked the Chancellor of the Exchequer whether, under Section 16 of the Finance Bill, as amended, the value of land comprising unworked minerals will include the value of such minerals and whether, in cases where Undeveloped Land Duty is payable, it will be payable upon the whole value of such land, including the minerals not separately valued?
§ Mr. LLOYD-GEORGEThe consideration of the provision for the separate valuation of unworked minerals having an independent value was postponed by general assent till the new mineral clauses come under discussion. Undeveloped Land Duty will only be payable under Clause 10 (4) of the Finance Bill on the value of the land, excluding minerals.
§ Mr. ASHLEYWill machinery be set up to separate the value of the minerals from the value of the land?
§ Mr. LLOYD-GEORGEI hope to give notice of my Amendments on that point in the course of a few days.