HC Deb 06 July 1950 vol 477 cc638-9
63. Mr. William Elwyn Jones

asked the Chancellor of the Exchequer whether, before he accepts farms belonging to the Penrhyn estate in Yspytty Ifrw district of Caernarvonshire in settlement of Death Duties under Section 49 of the Finance Act, 1946, he will give an assurance that the tenants of such farms will be given an opportunity of purchasing the same at a fair valuation.

Mr. Jay

No, Sir. The estate has been offered to the Commissioners of Inland Revenue as a whole, and it is not for me to suggest to the trustees that they should now withdraw that offer in order to split it up in the manner suggested.

Mr. Elwyn Jones

Will my hon. Friend bear in mind the claims of the farmers whose ancestors lived on these farms for many generations?

Colonel Gomme-Duncan

Could the Financial Secretary give us the pronunciation of the district in which this estate is situated?

Mr. Jay indicated dissent.

Mr. Llewellyn

Will the hon. Gentleman bear in mind that this is one method of leasehold enfranchisement, which can be effected prior to the introduction of new legislation?