VALUATION OF PROPERTY.

HC Deb 22 July 1909 vol 8 cc617-8

Mr. RUPERT GUINNESS

asked the Chancellor of the Exchequer if any official calculation has been made of the approxi- mate cost of divesting the land of buildings, roadways, machinery, drains, sewers, gas and water pipes, electric mains, and other improvements in properties such as the Bank of England, the Crystal Palace, the Hotel Cecil, the London Docks, and Euston Station, respectively; and, if so, whether he will give it to the House?

Mr. HOBHOUSE

No, Sir.

Mr. R. GUINNESS

This is rather an important matter. May I ask the right hon. Gentleman whether the Chancellor of the Exchequer will have a certain number of sample valuations of this kind of property, because they would have a material bearing, upon the yield of the tax?

Mr. HOBHOUSE

I will consult my right hon. Friend on that point.