§ Mr. WestwoodI beg to move, in page 61, line 20 to leave out from "that," to the end of line 25, and to insert:
by reason of the prospects of development other than the making good of the war damage, the value of the hereditament in the state in which it was immediately after the occurrence of the damage is higher, and the amount of the value payment is accordingly lower, than it would be apart from the prospect of such development.Clause 53 provides for the making of payments, additional to those payable under the Treasury scheme in Clause 52, in the case of war-damaged land in respect of which a value payment 1966 falls to be made under the War Damage Act, 1943. In calculating the value payment, account is taken of the redevelopment value of the site, and the higher the redevelopment value, naturally the lower the value payment. Under the Bill, however, the owner will no longer be allowed to enjoy the development value, and the purpose of the Clause is to set this right and to entitle the owner in such cases to a rectifying payment outside the £300 million which we have been discussing. The object of the Amendment is to express more clearly what is intended. The wording of the Clause as it stands gives rise to some doubt.
§ Amendment agreed to.