§ Mr. Iremongerasked the Minister of Housing and Local Government and Minister for Welsh Affairs the national aggregate rateable values at valuations then prevailing for industrial, commercial, and domestic property, respectively, in each of the years 1952, 1953, 1954, 1955, 1956, and 1957; the basis on which valuations were made for each class in each year; and if he will also compute the figures for the latest convenient year on the basis of a reduction of industrial abatement from 75 per cent. to 50 per cent.
§ Mr. H. BrookeThe available information nearest to that asked for is set out in the appended table. There was no general revaluation between 1934 (1935 in London), when the statutes required all assessments to be based on current rental values, and 1956 when, in general terms, domestic properties were assessed at 1939 rental values and other 3W properties at current rental values. During that period, hereditaments newly-assessed or reassessed were ordinarily brought into the list at values comparable to those already in the list for similar properties. A reduction of industrial de-rating on 1st April, 1957, from 75 per cent.
AGGREGATE RATEABLE VALUES—ENGLAND AND WALES — April, 1952 April, 1953 April, 1954 April, 1955 (1) (2) (3) (4) (5) £ £ £ £ Industrial … … 13,325,421 14,023,288 14,541,367 14,987,807 Domestic … … 327,665,156 333,254,604 339,382,856 346,830,252 "Commercial" … … Other … … TOTAL … … 340,990,577 347,277,892 353,924,223 361,818,059
— December, 1955 (old list) December, 1955 (new list) April, 1956 April, 1957 (1) (6) (7) (8) (9) £ £ £ £ Industrial … … 15,365,382 39,061,552 39,557,049 39,816,143 Domestic … … 219,321,629 307,798,459 589,886,902 314,809,326 "Commercial" … … 116,530,527 259,073,843 217,390,635 Other … … 15,383,738 17,063,366 29,856,937 TOTAL … … 366,601,276 622,997,220 629,443,951 601,873,041 Notes:
"Commercial" includes shops, banks, cafes, hotels, boarding houses, licensed premises, entertainment and recreational premises, schools, colleges, museums, town halls and public utilities. The figure in column (9) is after a reduction of £44,605,259 under section 1 of the Rating and Valuation Act, 1957.
"Other" comprises Crown and freight-transport hereditaments. The figure in column (9) is after the revaluation of Crown properties in 1956–57 and after a reduction of £5,219,642 in "Crown" values to take account of section 1 of the Rating and Valuation Act, 1957.
Column (7): The new lists were deposited with rating authorities in December, 1955, and came into force on 1st April, 1956.
Column (8): The increase since deposit of the new lists was attributable to, for example, the insertion of new properties.