§ 20. Mr. Montgomery
asked the Minister of Housing and Local Government and Minister for Welsh Affairs how much money will accrue to the Newcastle-upon-Tyne City Council by the rerating of industry.
§ Sir K. Joseph
I estimate that industry in the city will pay about £199,000 more in rates in 1963–64 than they would have done had there been no revaluation or rerating and about £380,000 more than if the revaluation had been carried out but derating retained.