§ Mr. Asterley Jones
asked the Minister of Health what principles of valuation are to be applied in order to arrive at the market value of dwellinghouses for the purpose of making advances under the Small Dwellings Acquisition Acts.
§ Mr. Bevan
The market value of the ownership of the house is to be ascertained by the local authority by means of a valuation duly made on their behalf in accordance with the ordinary principles. In order to provide for the increase in the market value of houses which has taken place since 1935 the limit fixed by the Housing Act of that year was raised by Section 6 of the Building Materials and Housing Act. 1945, from £800 to £,500.