§ 76. Colonel GRETTONasked the Chancellor of the Exchequer how Government property is valued for the purposes of contributions to local rates; if any valuation is made; and, if so, what steps are taken to secure that the valuation is a true estimate of the value of Government property?
§ Sir W. JOYNSON-HICKSGovernment property is valued for the purposes of contribution to local rates on the same principles as are applicable to the valuation of private property of similar description; a valuation is made by the Treasury valuer who is an experienced rating surveyor; and the fairness of the estimate is secured by consultation and 1576 discussion with the local assessment authority concerned.
§ Colonel GRETTONWhere are those records of valuations kept for reference and use?
§ Sir W. JOYNSON-HICKSThe record of valuations is kept in the Treasury. These valuations are made by the Treasury surveyor with the object of seeing that Government property is properly valued.