Oral Answers to Questions — Public Utility Undertakings (War Damage).

Part of the debate – in the House of Commons on 29th May 1941.

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Where, however, a structure or group of structures, or a movable asset, has been damaged beyond repair the war damage payment in the event of replacement will be the net outlay (after elimination of any outlay resulting from improvements), reduced in a proportion corresponding to the degree of depreciation or obsolescence of the old asset.