§ Mr. BARNES
asked the Financial Secretary to the Treasury whether he will make a statement to the House showing the charge which has fallen upon the Treasury in consequence of the Derating Act, 1928?
§ Mr. PETHICK-LAWRENCE
As far as the cost of putting into operation of the Rating and Valuation (Apportionment) Act, 1928, is concerned, I would refer my hon. Friend to the reply given to the hon. Member for Springburn (Mr. Hardie) on 23rd April last. The actual rating relief to industrial and other property was, however, given by the two Local Government Acts of 1929. The total cost to the Exchequer of these two Acts in the financial years 1930 and 1931 is estimated as follows:
£ £ 1930. Provision in Estimates: Class X. Vote 1 39,560,000 Vote 2 4,147,362 Vote 3 and Supplementary 1,000,000 Class V. Vote 1 6,000 44,713,362 Estimated additional charge falling on Education Votes by reason of reduction in rateable value: £ England and Wales 966,000 Scotland (11/80ths of £966,000) 132,000 1,098,000 Charges transferred to Estimates from Local Taxation Account* 4,435,547 Total gross increase in Estimates due to Local Government Acts 50,246,909
1930. Deduct Savings on discontinued grants*: Voted grants 4,363,529 Issues to Local Taxation Account 14,700,000 19,063,529 Total Net Cost to the Exchequer 31,183,380 1931. Provision in Estimates: Class X. £ £ Vote 1 39,760,000 Vote 2 5,686,287 Class V. Vote 1 6,000 45,452,287 Estimated additional charge on Education Votes (as above) 1,098,000 Charges transferred to Estimates from Local Taxation Account* 4,817,807 Total gross increase on Estimates 51,368,094 Deduct Savings on discontinued grants*: Voted grants 4,752,297 Issues to Local Taxation Account 14,900,000 19,652,297 Total Net Cost to the Exchequer 31,715,797 In addition the sum of £3,000,000 was charged upon the Road Fund in each year under Section 87 (1) (b) of the Local Government Act, 1929 and Section 54 (1) (b) of the Local Government (Scotland) Act, 1929. * Set out in full in Appendix to Civil Estimates Class X, 1930.