HC Deb 08 March 1932 vol 262 cc1633-4
47. Sir F. HALL

asked the Chancellor of the Exchequer if he will now take the necessary steps to repeal Part III of the Finance Act, 1931?

Mr. CHAMBERLAIN

As I stated on 8th December last, the Government have suspended work upon the valuation prescribed by Part III of the Finance Act, 1931, and the necessary legislation will be included in the forthcoming Finance Bill.

Sir F. HALL

Do I understand from my right hon. Friend's reply that the necessary legislation to do away altogether with Part III and the valuation, will be included in the Finance Bill?

Mr. CHAMBERLAIN

I said "the necessary legislation." Perhaps my hon. and gallant Friend will await the Finance Bill.

Sir F. HALL

Is my right hon. Friend aware that there is a general concensus of opinion in this House that no expenditure should be incurred in respect of Part III in the future?

Mr. CHAMBERLAIN

I am sure that my hon. and gallant Friend will be quite satisfied.

Mr. LAWSON

Does the right hon. Gentleman fully appreciate how well this announcement has been taken by some of the hon. Members behind him?

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