39. Mr. MACLEANasked the Chancellor of the Exchequer whether he can state the saving which will be effected by his proposed reduction in expenditure on land valuation during its initial stages?
§ Major ELLIOTThe estimated expenditure of the Inland Revenue Department for the current year in connection with the valuation under Part III of the Finance Act, 1931, was £290,000. It is proposed to reduce this by about £150,000.
§ Mr. MARJORIBANKSWould it not be better if this expenditure was completely wiped out?
§ Mr. ARTHUR MICHAEL SAMUELWill it not be complete waste of money to make a valuation of land before the currency is stabilized?
Mr. MACLEANAre we to take it then that the Government are going practically to put an end to the entire work of this Department so that taxation cannot be imposed next year?