§ Mr. REESasked the average prices obtained for land sold in the Punjab irrigation colonies; and whether as much as £3,000 an acre was realised quite recently for market sites sold at Jaranwala?
§ Mr. MONTAGUThe selling value of ordinary agricultural land in the irrigation colonies varies, according to situation and quality, from about £7 to £15 the acre. Land so sold would be subject to land revenue assessment and water rates. Land suitable for building or for market sites fetches higher prices, but the price of £3,000 per acre reported to have been paid for sites in the new town of Jaranwala in the Ghenab colony is, of course, exceptional.