§ Mr. WEBBasked the Minister of Health whether he will circulate a White Paper, before the Report stage of the Valuation (Metropolis) Bill, giving illustrative examples of what the gross and rateable value will normally be in the valuation, after the Bill becomes law, of houses rented in 1915 at £19, £39, £79, and £104, respectively, let on annual tenancies on the usual conditions and subject to control under the Rent and Mortgage Interest Restriction Acts?
§ Sir K. WOODMy right hon. Friend will be glad to give the right hon. Gentle man the information he desires, but perhaps it would serve the purpose if, instead of issuing a special White Paper, he were to circulate a statement in the OFFICIAL. REPORT.
Following is the statement:
The Valuation (Metropolis) Bill does not deal with the determination of gross values, but with the deductions which may be allowed in calculating rateable values. Assuming, however, in the instances suggested by the right hon. Member, that the gross values, as recorded in the 1916 Valuation List, corresponded with the rentals, and assuming a 40 per cent. increase in such gross values at the forthcoming valuation, the gross and rateable values would, if deductions at the maximum rate were made, be as follows:
Gross Value in 1915. Gross Value on re-valuation, assuming a 40 per cent, increase. Rateable Value. £ £ s. £ 19 26 12 16 39 54 12 35 79 110 12 78 104 145 12 106