§ Mr. ROYDS
asked the Chancellor of the Exchequer whether he will explain why the site value of agricultural land, as ascertained under the valuation set up by the Finance (1909–10) Act, 1910, is not the bare value of land, but is taken to include a large proportion of value attributable to owners' improvements?
§ Mr. LLOYD GEORGE
I refer the hon. Member to the provisions of Section 25 (4) (b) of the Finance (1909–10) Act, 1910, which precludes allowance being made in respect of improvements which only enhance the value of the land for agricultural purposes.