§ Mr. Chichester-Clarkasked the Secretary of State for the Environment from what sources he compiles his statistics of movement of land prices; and whether he consults representative organisations in the industry and professions before they are published.
§ Mr. Michael HeseltineThe composition of the price index for private sector housing land is described in detail inEconomic Trends of February, 1971. It is based on information on transactions supplied by the Valuation Office of the Board of Inland Revenue.
This index is published regularly for the information of businessmen and the public generally. Although there is no prior consultation, any organisation is free to make representations about either the figures or the method of compilation.