Development Value (Claims)

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 13 June 1950.

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Photo of Mr William Taylor Mr William Taylor , Bradford North 12:00, 13 June 1950

asked the Chancellor of the Exchequer (1) if he will consider making interim payments in respect of claims made for development value payable under the Town and Country Planning Act, 1947;

(2) if he will instruct the Central Land Board to notify, as soon as possible, claimants for compensation for development value under the Town and Country Planning Act, 1947, of the amount which it is proposed to pay against their claims.

Photo of Sir Stafford Cripps Sir Stafford Cripps , Bristol South East

The amounts of the payments to be made under Section 58 of the Act will depend on the provisions of a scheme to be made by the Treasury and submitted to Parliament for approval. The scheme cannot be made, and, therefore, the amounts of the proposed payments cannot be announced, until the development values in the bulk of the claims have been ascertained. This precludes the possibility of making interim payments in advance of the scheme itself and the Act contains no provision authorising the making of such payments.