§ Sir L. LYLEasked the Financial Secretary to the Treasury whether he proposes to ask for a special grant for the cost of the machinery which he proposes to ask the House to re-establish in connection with the taxation of land values; and how much he anticipates this sum will be in the current financial year?
Mr. GRAHAMI regret that I am unable to add anything to the reply which my right hon. Friend the Chancellor of the Exchequer gave to the hon. Gentleman on the 15th May. I am sending the hon. Member a copy of that reply.
§ Sir L. LYLEasked the Financial Secretary to the Treasury whether he proposes, in re-creating the machinery for the taxation of land values, to accept the valuations already made by a previous Government when the Department was in existence?
Mr. GRAHAMI regret I am not an a position to announce the details of the scheme of taxation which my right hon. Friend has foreshadowed, but I would point out that the valuations to which the hon. Member alludes are now out of date.