§ Mr. PATRICK WHITE
asked the Chancellor of the Exchequer whether he will state the expected yield in Ireland from the new Land Tax, the revised scale of Death Duties, the increased Income Tax, and the Super-tax, respectively; whether, in estimating the tenant's interest in a holding, the annuity due to the Land Commission will be treated in the same way as a head rent has heretofore been dealt with; and whether, seeing that the competitive value of land in Ireland is for many reasons not the true value, he will adhere to the present method of estimating the value as declared by law?
§ Mr. HOBHOUSE
As my right hon. Friend explained in reply to a question put to him by the hon. Member for East Tyrone on 3rd May last, he has no data for estimating with any pretence to accuracy what will be the amount of the Irish contribution to the new taxation proposed in the Budget under the respective heads specified in the first part of the question, and I fear I am not in a position to add anything to that reply. As regards the latter part of the question in estimating the tenant's interest in a holding, the annuity due to the Land Commission cannot be treated in the same way as a head rent, the annuity being a terminable annual payment and not a perpetual charge. My right hon. Friend regrets that he cannot see his way to agree to the suggestion contained in the last sentence of the question.
§ Mr. T. M. HEALY
How can an estimate be framed as to the entire revenue of the Land Tax without forming an estimate as to that portion of the Land Tax which will affect Ireland?
§ Mr. HOBHOUSE
It is possible to make an estimate of the whole yield without dividing it up into the respective parts for the different portions of the United Kingdom.