§ 16. Mr. HARDIEasked the Secretary of State for Scotland what was the price paid by the Edinburgh Corporation for the 215 acres of Bound recently acquired from the Muirhouse estate, owned by Mr. Matthew Mather, running parallel with the Granton-Grammond foreshore; what conditions apply in respect of current leases; and what is the present value at which this land is assessed for the purposes of Schedule A of the Income Tax?
§ Sir G. COLLINSI am informed that the price paid by the Edinburgh Corporation for the land in question was £48,500. There is a lease in respect of a dwelling house on the grounds at a rent of £250 per annum for 10 years from Whitsunday, 1933, with a break in the tenant's favour at Whitsunday, 1938. The remainder of the land, amounting to 174 acres, is being leased meantime to the former owner on a yearly basis at a rent of £300 per annum. I understand that application has not yet been made to have the land referred to in the question assessed separately for Income Tax purposes.
§ Mr. HARDIEWill this land be so assessed; and, if so, will the right hon. Gentleman inform the House when it is done?
§ Sir G. COLLINSAny questions on that subject should be addressed to my right hon. Friend the Chancellor of the Exchequer.