asked the Chancellor of the Exchequer if he is aware that certain landowners are demanding greatly increased ground rents on renewals of leasehold property; and if he will consider the matter of raising revenue by securing a percentage of such increases for the National Exchequer?

This proposal appears to resemble closely the Increment Value Duty which was imposed by Section I of the Finance (1909–10) Act, 1910—a duty which owing to the difficulties referred to in the Budget statement of 1920 was repealed by Section 57 of the Finance Act for that year. I would refer my hon. and gallant Friend to the statements made on that occasion by my right hon. Friend the Member for West Birmingham (Mr. A. Chamberlain).