§ Sir HILDRED CARLILEasked whether the right hon. Gentleman is now prepared to state that adequate compensation will 405 be given to local authorities for the loss of rateable value arising out of the transfer to the Government of the undertakings of the National Telephone Company on 1st January, 1912?
Mr. McKINNON WOODThe Treasury have undertaken to make contribution in lieu of rates on transferred telephone plant, but the exact basis of the contribution is still under consideration.
§ Sir H. CARLILECan the right hon. Gentleman inform us whether this decision is likely to be arrived at soon?
Mr. McKINNON WOODYes, Sir; I do not see any reason to expect any great delay in arriving at a decision.