§ 18. Major Sir ARCHIBALD SINCLAIR
asked the Secretary for Scotland the number of applications made to the Land Courts by smallholders in Scotland for revaluation of their buildings and revision of their rents; the total reductions made by the Courts up to the present date in their fair rents and in their annual liabilities for buildings; and the total reductions made in the capital liabilities undertaken by the smallholders?
Joint applications have been made to the Scottish Land Court by the Board of Agriculture for Scotland and the holders for the valuation of buildings and the fixing of fair rents in respect of 390 holdings. The awards made to date by the Court cover 343 holdings, and involve the following reductions: capital liability for buildings from £312,204 to £109,688; fair rents from £8,557 to £7,419; and building loan annuities from £6,635 to £4,370. In a few cases the figures are not strictly comparable owing, for example, to variations in acreage at the different dates. As the hon. and gallant Member is aware, the rate of interest payable on the reduced capital liability for buildings is 3⅛ per cent. as compared with 1¼ per cent. on the original amount.