Captain MORRISON-BELLasked the Chancellor of the Exchequer whether he can now inform the House as to the basis upon which contributions will be given to local authorities for the loss of rateable value arising out of the transfer to the Government of the undertaking of the National Telephone Company on 1st January, 1912?
Mr. McKINNON WOODI have nothing as yet to add to my previous answer to the hon. Member for St. Albans on 29th November.
Captain MORRISON-BELLMay we expect any indication of the basis arrived at before the Act comes into force?
Mr. McKINNON WOODIt is not a question of the Act coming into force, it is a question of the transfer taking place on 1st January. I am not sure that I will be able to promise them, but of course the contributions will be made in the usual way on a fair valuation of the premises.