§ 72. Sir R. Youngasked the Chancellor of the Exchequer whether he is aware of the increases in value which, at present, accrue to freeholders by the falling in of leases; that such increases of value are wholly enjoyed by the freeholders; and whether he will take steps to provide that a contribution from such increased value will be paid to the State.
§ Mr. DaltonYes, Sir. This question will naturally arise in connection with the proposals foreshadowed in the King's Speech, to deal with compensation and betterment in relation to town and country planning.
§ Sir R. YoungIs the right hon. Gentleman aware that some landlords, when they sell their property, increase the ground rent paid by the new occupiers?
§ Mr. DaltonI believe there are many such practices.
§ Mr. StokesWhen considering his forthcoming Budget will the right hon. Gentleman also consider introducing a tax on site values, as that is a very equitable way of recovering such properties for the people?