Mr. NEWDEGATEasked the Chancellor of the Exchequer whether he is aware that negotiations respecting the possible development of a new coalfield in the Midlands have been blocked owing to the refusal of one of the landowners interested to proceed with the scheme, and thereby encumber his estate with the Increment Duty proposed under the Budget, the existence of coal not having been hitherto proved to exist under the estate in question nor under the neighbouring land; and whether, under these circumstances, he will reconsider his decision as to levying the proposed Increment Duty?
§ Mr. LLOYD-GEORGEThe answer to both parts of the question is in the negative.