Part of Oral Answers to Questions — National Finance. – in the House of Commons at on 18 June 1942.
The present Finance Bill does not alter the provision under which the annual value of lands in Northern Ireland for the purposes of Schedule B is taken to be the Poor Law valuation or the purchase annuity payable under the Land Purchase Acts, whichever is the smaller. Under Sub-section (2) of Clause 28 of the Finance Bill, where a farmer is chargeable under Schedule B, the charge will be on three times the annual value.