Resolved:

"That—

(a) the amount fixed as that of the land tax attributable to any property for the year ending on the twenty-fourth day of March, nineteen hundred and forty-nine, shall (subject to any provision for apportionment) be the amount chargeable in respect of the property for any subsequent year;

(b) land tax shall be compulsorily redeemable at such times and by such persons as may be provided by any Act of the present Session relating to Finance;

(c) the capital sum to be paid for the redemption (whether compulsory or not) of the land tax on any property shall (subject to any provision for apportionment) be twenty-five times the amount of the tax for the time being chargeable in respect of the property."