§ Mr. BRIDGEMANasked the Chancellor of the Exchequer if he has made any calculation as to the total area of land which will be subject to the duty on undeveloped land?
§ Mr. HOBHOUSEI am unable to say what will be the total area of land subject to Undeveloped Land Duty.
§ Lord BALCARRESIs the right hon. Gentleman not aware that the Chancellor of the Exchequer has estimated the amount a; between two and three million acres?
§ Mr. HOBHOUSENo; I am not aware of that.
§ Mr. BRIDGEMANasked the Chancellor of the Exchequer if he can state what proportion of the revenue of £350,000 anticipated from the duty of id. in the £ on capital value of undeveloped land and ungotten minerals will be derived from the tax on undeveloped land?
§ Mr. HOBHOUSEI am unable to give a precise estimate as to the proportion of the total revenue which will fall under each head.
§ Mr. BRIDGEMANHow does the right hon. Gentleman arrive at the figure of £350,000?
§ Mr. HOBHOUSEThe estimate was made in the usual way.
§ Mr. AUSTEN CHAMBERLAINIn order to arrive at any estimate, was it not necessary to make an estimate of the undeveloped land and of the ungotten minerals? Is there any reason why we should not have these estimates?
§ Mr. HOBHOUSEThe estimate was taken in these two cases together, and amounted to the total sum of £350,000.
§ Lord BALCARRESIs the right hon. Gentleman not aware that the Chancellor of the Exchequer has announced that the Ungotten Mineral Duty will produce as an estimate £175,000.
§ Mr. HOBHOUSENo; I am not aware of that fact.
§ Mr. AUSTEN CHAMBERLAINWill the right hon. Gentleman communicate with the Chancellor before answering these questions?
§ Mr. HOBHOUSEI have done so.