§ Mr. EVELYN CECILasked the Chancellor of the Exchequer what was the amount of revenue yielded in the year 1915–16 by the Undeveloped Land Duty, the Increment Value Duty, and the reversion duty, respectively; and what is the estimated yield of these three duties in the year 1916–17?
§ Mr. McKENNAThe net receipt of the Increment Value Duty and the Reversion Duty for the year 1915–16 was £46,070 and £11,796, respectively, and the estimated yield of those duties for the current financial year is £50,000 and £10,000, respectively. As stated in the reply to the hon. Member for North Somerset on the 28th March last, the assessment and collection of Undeveloped Land Duty has, in consequence of a judicial decision affecting the principles of valuation of land liable to this duty, been suspended.