§ 43. Sir M. Stoddart-Scottasked the Chancellor of the Exchequer if he is aware that the Leeds City Waterworks in the Wharfedale rural district area has a rateable value of £46,612, whilst the new valuation shows a proposed rateable value of £54,175; and what is the valuation formula by which this publicly-owned property has increased by 16 per cent. only, whilst all other property in this rural area has increased by between 100 per cent. and 350 per cent.
§ Mr. BarberThe rateable value in the new valuation list is £54,175. The value in the current list is £47,083. The 149W statutory formula, which I mentioned in my reply of 5th February to my hon. Friend, is too complicated to describe in answer to a Parliamentary Question but I am sending my hon. Friend an explanation of it.