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Rent Charges And Chief Rents (Purchase Price)

Volume 829: debated on Wednesday 26 January 1972

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asked the Secretary of State for the Environment what is the current purchase price which his Department is certifying for redemption of rent-charges or chief rents under Section 191 of the Law of Property Act, 1925.

12.248 times the annual payment. The multiplying factor is calculated each week in accordance with the current prices of six prescribed Government securities.