§ 27. Mr. WEDGWOODasked the Chancellor of the Exchequer whether he contemplates introducing a Revenue Bill in the next Session of Parliament in order to amend the valuation of the land under the Finance (1909–10) Act, 1910, so as to exclude from full site value of agricultural land the unexhausted value of such improvements on or under the soil as are at present included in that valuation?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Masterman)I would refer my hon. Friend to the answer given by my right hon. Friend to the hon. Member for Hanley on the 4th inst.
§ Mr. OUTHWAITEMay I ask the right hon. Gentleman what good purpose is being served by this valuation, seeing that it is of no use for rating purposes? The answer given was that it was not customary to make a statement. This question has nothing to do with that. It merely asks whether the valuation could be amended.
§ Mr. MASTERMANThis question asks about legislation for next Session of Parliament. I cannot make any statement about that.
§ Mr. MORRELLCan the right hon. Gentleman tell me when the valuation is likely to be completed?
§ Mr. MASTERMANI could not give that information without notice.