§ Sir B. PETOasked the Chancellor of the Exchequer to what extent the existing Land Tax will be taken into consideration in the valuation for land value duty, whether it has been redeemed or not?
§ Mr. PETHICK-LAWRENCEIn cases where Land Tax has not been redeemed the valuation will be made on the footing that a hypothetical purchaser of the fee simple would be liable to pay any such tax.