§ Mr. Thorpeasked the Chancellor of the Exchequer whether he will list the categories of business property assessed for rating purposes on the value of the turnover derived from carrying on such business.
§ Mr. MacDermotAll business properties are assessed on the basis of their rental value. In areas where there is no direct rental evidence for certain classes of premises reference is made to their
£ million Year Investment Allowances Initial Allowances Annual and other Allowances Total Cost 1955 … … 106 21 284 411 1956 … … 77 60 312 449 1957 … … 59 98 350 507 1958 … … 42 138 348 528 1959 … … 111 102 366 579 1960 … … 169 98 410 677 1961 … … 205 109 479 793 1962 … … 203 114 531 848 1963 … … 264 120 600 984 1964 … … 322 142 731 1,195