§ Mr. ROYDSasked the Chancellor of the Exchequer what steps he proposes to take to remove the deadlock occasioned by the refusal of the Inland Revenue authorities to stamp voluntary conveyances, liable to ad valorem Stamp Duty for the first time under Section 74 (1) of the Finance (1909–10) Act, 1910, until the scheme for land valuations gets into working condition and the value of the property conveyed has been ascertained by the Government valuer?
§ Mr. HOBHOUSEArrangements have been made to expedite the valuation of such properties as form the subjects of the conveyances referred to by the hon. Member, and it is hoped by this means to reduce to a minimum the necessary delay in stamping these documents.
§ Mr. ROYDSBy what date does the right hon. Gentleman anticipate that the scheme of land valuation will be in working condition?
§ Mr. HOBHOUSEI do not anticipate that it is possible to fix any date.