Mining Royalties (Payments on Account).

Oral Answers to Questions — Fuel and Power. – in the House of Commons on 28th July 1942.

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Photo of Mr Herbert Williams Mr Herbert Williams , Croydon South

asked the Minister of Fuel and Power how many mining royalty owners have received interim payments and in what districts; where it is proposed to make further payments, and on what conditions they are made?

Major Lloyd George:

Subject to the satisfactory completion of the appropriate application form the Coal Commission are prepared to make a payment on account of 10 per cent. of the draft valuation of a valued holding or of 1½ times the last year's income where the holding is income producing but has not been valued. Payments on account are made on the last day of each month; the first cheques were issued on 30th June in respect of 28 holdings situated in seven of the Valuation Regions.