§ 1. That a levy, to be called betterment levy, shall be imposed in respect of land; and that it is expedient—
- (a) to make provision as to the rate at which betterment levy is to be charged and as to the value or other amount on which it is to be charged, and
- (b) in other respects to make provision for the assessment and payment of betterment levy, including provision for the payment of interest on the principal amount of the levy.
§ 2. That, for the purposes of any Act of the present Session to provide for the establishment of a Land Commission, to make provision as to the finances of the Commission and to confer on the Commission powers to acquire, manage and dispose of land, and to impose a betterment levy in respect of land, it is expedient to authorise the payment into the Exchequer of sums required to be so paid by virtue of that Act.
§ First Resolution read a Second time.
§ Question, That this House doth agree with the Committee in the said Resolution, put forthwith, pursuant to Standing Order No. 90 (Ways and Means Motions and Resolutions), and agreed to.
§ Second Resolution agreed to.