§ Mr. Templeasked the Chancellor of the Exchequer what is the estimated cost to his Department of the valuation to be carried out of all domestic, commercial and industrial hereditaments in England and Wales in order that new values for rating purposes may be available to come into force on a current market value basis as at the first day of April, 1961.
§ Mr. SimonIt is impossible to separate the cost of the revaluation work from the cost of the day to day work of amending the existing valuation lists; but the annual cost of all rating valuation work is about £6 million, including overheads. The Rating and Valuation Bill now before Parliament provides for the postponement of the next revaluation to April, 1963.