Mr. PIKE PEASE
asked the Chancellor of the Exchequer what percentage of the total land of the United Kingdom has been valued up to the end of September for undeveloped land and increment taxation?
§ Mr. LLOYD GEORGE
15.7 per cent, of the total acreage in Great Britain had been valued up to the 30th September, 1912, for the purposes of the original valuation. This includes most of the undeveloped land. All the original valuations made will in time serve for the purpose of ascertaining Increment Value Duty, and these valuations had been completed on 30th September, 1912, as regards 32.9 per cent, of the estimated number of hereditaments in Great Britain.