§ Mr. Wyn Robertsasked the Secretary of State for Wales how he proposes to apportion any financial surplus accruing to the Land Authority for Wales as between the Exchequer and other authorities.
§ Mr. John MorrisUnder our present proposals, the Exchequer would receive 40 per cent. of the surplus and the balance of 60 per cent. would be distributed to local authorities in Wales.
§ Mr. Wyn Robertsasked the Secretary of State for Wales what estimate he has made of the financial surplus accruing annually to the Land Authority for Wales if and when the Community Land Bill becomes law.
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§ Mr. John MorrisEstimates in the Explanatory and Financial Memorandum attached to the Bill show that when the land scheme is in full operation, the Land Authority is expected to make an annual surplus of £34 million to £39 million.