§ Mr BERTRAMasked the Chancellor of the Exchequer whether, under the Finance Bill, in ascertaining the amount payable to the revenue as the share of the State on the sale of urban land, an allowance will be made at compound interest in respect of the loss of annual income on capital invested in such land, which an investor has suffered by reason of such building or accommodation land producing either no income, or an income far below the return which he would have received had he invested his money in any ordinary dividend-yielding investment; if such allowance is to be made, whether the capital value of the land upon which such allowance is calculated will be the capital value as declared by the owner at the passing of the Act, and upon which he is paying the ½d. in the £ tax; and whether, from 1467W the gross profit made from the sale of land, deductions will be allowed for legal and profesional charges and out-of-pocket expenses, for mortgagees' interest and costs, amounts paid for road making, severing, lighting, and other improvements to the land, for tithe or Land Tax redemption, and other similar charges to which the land may be subject at the time of the owner's declaration of value, including losses due to litigation in respect of such land?
§ Mr. LLOYD-GEORGEI must ask my hon. Friend to wait for the text of the Finance Bill, which will be issued very shortly.