§ 9. Mr. Ness Edwardsasked the President of the Board of Trade what are the terms on which Government-built factories have recently been let to private companies.
§ Mr. DaltonAs 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. EdwardsDo 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. DaltonVery 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.