HC Deb 12 February 1963 vol 671 cc148-9W
43. Sir M. Stoddart-Scott

asked the Chancellor of the Exchequer if he is aware that the Leeds City Waterworks in the Wharfedale rural district area has a rateable value of £46,612, whilst the new valuation shows a proposed rateable value of £54,175; and what is the valuation formula by which this publicly-owned property has increased by 16 per cent. only, whilst all other property in this rural area has increased by between 100 per cent. and 350 per cent.

Mr. Barber

The rateable value in the new valuation list is £54,175. The value in the current list is £47,083. The statutory formula, which I mentioned in my reply of 5th February to my hon. Friend, is too complicated to describe in answer to a Parliamentary Question but I am sending my hon. Friend an explanation of it.