HC Deb 27 March 1956 vol 550 c1967
48. Mr. Remnant

asked the Minister of Housing and Local Government what public Acts and Regulations govern the price at which local authorities dispose of land and property.

Mr. Sandys

The only specific statutory provision is Section 79 of the Housing Act, 1936.

Mr. Remnant

Does my right hon. Friend deny that local authorities can acquire land or property under a compulsory purchase order at a district valuer's valuation and that if either that land or property is not afterwards required they can sell it to the highest bidder? Is that not very unfair to the previous owner?

Mr. Sandys

That, of course, is one of the difficulties of the two-price system.