§ (1) Where any land is purchased or intended to be purchased, either wholly or in part, with moneys provided by this Act, either the vendor or the purchaser may require that the price thereof, in so far as it represents full site value as defined in Sub-section (2) of Section 25 of the Finance (1909–10) Act, 1910, shall be the full site value thereof as ascertained for the time being under that Act: Provided that nothing in this Section shall affect or diminish any right to compensation in respect of any subject not included in full site value.
§ (2) Where any land purchased or intended to be purchased under this Act is part of a larger subject which is valued at a whole under the provisions of Part I. of the Finance (1909–10) Act, 1910, either the vendor or the purchaser may apply to the Commissioners for an allocation of the full site value of that subject as between the portion purchased or intended to be purchased and the remainder, and the 2027 amount so allocated to the portion purchased or intended to be purchased shall be deemed to be its full site value for the purposes of this Section.
§ (3) If provision is made in any Act for the better adjustment of full site value, the words "full site value "in this Section shall be construed to mean the full site value as adjusted in accordance with that provision.
§ Clause brought up, and read the first time.
§ Motion made, and Question proposed, "That the Clause be read a second time."
Mr. DUNDAS WHITE
I do not intend to press this Clause, but I would like an assurance that a record may be kept of particulars relating to any lands that may be purchased under the provisions of this Bill. I put a question to the Prime Minister asking that such should be done in the case of all land purchased for Government Departments, and he gave me a promise he would consider it. I hope that the same principle will be adopted in any purchase under this Bill.
§ Question, "That the Clause be read a second time," put, and negatived.