§ Mr. BARNARDasked the Chancellor of the Exchequer whether he will now state the methods by which it is proposed that compensation value, as defined in Clause 32 of the Finance Bill, will be converted into annual compensation?
§ Mr. LLOYD-GEORGEOn consideration, and with a view to greater simplicity, it will be proposed to amend Sub-section (2) of Clause 44 of the Finance Bill (as amended in Committee) to the following270W effect: The register to be kept by the Commissioners of Customs and Excise will not be a register of the capital values of licensed premises calculated as though for the purposes of compensation under the Licensing Act, 1904, with the annual equivalent of such capital values, but will be a register of the differences between the annual values of such houses licensed and their annual values unlicensed, calculated on the same principles as would be followed for the purpose of arriving at capital values in cases of compensation under the Act of 1904.