HC Deb 26 May 1952 vol 501 c118W
Mr. Walker-Smith

asked the Chancellor of the Exchequer whether, in the light of the progress made on the assessment of claims on the sum of £300 million set aside under the Town and Country Planning Act, 1947, he will make a statement about the future collection of development charges from persons who possess agreed claims.

Mr. Boyd-Carpenter

Yes. In future when a development charge becomes due from a developer who possesses a claim the value of which has been determined, the Central Land Board will accept a charge upon that claim as security for an amount not exceeding 80 per cent. of the face value of the claim. Only the balance (if any) of the development charge will be immediately payable.