HC Deb 07 January 1913 vol 46 c1015W
Mr. LYTTELTON

asked the Home Secretary if he will state in detail the methods of valuation by which it has been estimated that the life interests of the beneficiaries of the Church of England in Wales are the equivalent of £62,000 a year in perpetuity?

Mr. McKENNA

As I informed the hon. Member for East Nottingham on the 19th December, the calculation was made by taking the average age of incumbents in six counties (three rural and three industrial). The value of the life interests was then calculated on the basis of the expectation of life at that age and a rate of interest at 3 per cent. This explanation was given in reply to a question by the right hon. Gentleman the Member for the Hallam Division of Sheffield on 6th May.