§ Mr. VINCENT KENNEDYasked the Chancellor of the Exchequer if he intends to exclude all lands sold under the Land Purchase (Ireland) Acts from the purview of the new Land Taxes and the attendant valuations; and will pending and future transactions under the Land Purchase (Ireland) Acts be treated on a similar footing?
§ Mr. LLOYD-GEORGEThe answer is in the negative. While the land has only an agricultural value it will not be subject to tax, but it is necessary to value the land in case it may hereafter acquire a building value.