HC Deb 27 March 1945 vol 409 cc1290-1
9. Mr. Ness Edwards

asked the President of the Board of Trade what are the terms on which Government-built factories have recently been let to private companies.

Mr. Dalton

As I have previously stated, the terms provide for a short-period rent based on 1939 value's, to be adjusted later in accordance with current market values.

Mr. Edwards

Do I understand from that answer that the new rents to be charged are roughly the same as those now charged to factory agency people?

Mr. Dalton

Very broadly, but some of them have been running for some time already. This is a question of fixing a new rent for a new lease, and in the beginning the Inland Revenue authority advised us what would be a fair rent, on the basis of the 1939 values. It may be adjusted up or down after a year or two, at the request of either party.

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