§ Mr. Cormackasked the Chancellor of the Exchequer what is the current value of the Land Fund; and whether he is satisfied that its resources are being used in the way intended when it was established in 1946.
§ Mr. Joel BarnettThe market value of the securities held by the National Land Fund on 31st March 1976, the latest available date for which information is available, was £17,524,799. I am satisfied that the resources of the fund are being used in the ways envisaged in the Finance Act 1946 and in subsequent child tax allowances.