§ Dr. O'DONOVANasked the Secretary of State for the Colonies if he is aware that the Chartered Company in Northern Rhodesia will receive half the gross proceeds from the sales of land at Lusaka, which has now a prairie value, but which will appreciate greatly after the expenditure of public funds in the conversion of Lusaka into a capital city, towards which expenditure this company will have made no direct contribution; and will he consider taking steps to recover from the company a fair share of any such profits?
§ Sir P. CUNLIFFE-LISTERThe division of receipts from lands in North-Western Rhodesia, in which the area near Lusaka selected for the new capital is situated, is governed by Clause 3 (c) of the Agreement between the Secretary of State for the Colonies and the British South Africa Company, of 29th September, 1923 (Cmd. 1984), the first part of which runs as follows:
The Crown shall pay to the company as soon as possible after 1st April, 1925, and thereafter as soon as possible after the close of each financial year one-half of the sums received by the Crown in earth year up to 1st April, 1965, from the sale 1344W or lease of lands in North-Western Rhodesia (as it existed immediately prior to the amalgamation of North-Western and North-Eastern Rhodesia in 1911) after making provision for the expenses of land management in such territory and of the collection of all land revenues accruing therefrom.