The total amount of revenue derived from the Land Value Duties up to 31st March, 1919, was £4,113,906. The total expenditure incurred in connection with the work of the Valuation Office and with the collection of the duties on Land Values up to 31st March, 1919, is estimated at approximately £4,600,000. It is impossible to distinguish the cost of collection.
§ Mr. LYNN
asked the Chancellor of the Exchequer whether he is aware that before the passing of the Finance (1909–10) Act, 1910, there were more houses in the United Kingdom than were necessary, with the result that rents were low; whether he is also aware that since the passing of the Act building has largely ceased; and whether, in view of the fact that the Land Taxes are preventing building without adding to the revenue of the country and at the same time causing great loss and inconvenience to all classes in the community, he will consider the advisability of repealing those Clauses in the Finance (1909–10) Act, 1910, which have done and are doing harm to the public?
I would refer my hon. Friend to the reply which I gave on the 27th ultimo to a question by my hon. and gallant Friend the Member for Finchley.