§ Mr. ALLEN PARKINSONasked the Chancellor of the Exchequer what amounts have been paid to date in refund of the Land Value Duties recently repealed; and whether Income Tax at the rate in force for the years in which the duties were paid is deducted before the money is refunded, or whether interest is being paid by the Government for the period since the date of payment?
Mr. CHAMBERLAINUp to the 16th October last, the total repaid in respect of Land Values Duties under Section 57 of the Finance Act, 1920, amounted to £228,591. Income Tax is not deducted from the sums so refunded; nor is interest paid by the Government in respect of Land Values Duties which are being repaid.