84. The Valuation Department has continued to give advice and assistance to other Government Departments in connection with the purchase and sale of land, the fixing of rents, and other matters in which the National Exchequer is concerned, and also in connection with the sanctioning by Government Departments of Loans for the acquisition of property by Local Authorities for various public purposes. Valuations have been made during the year, in this connection, of an aggregate capital value of £14,253,534, and Rental Valuations of an aggregate annual value of £578,313. Since the date of the Fifth Report of the Select Committee on National Expenditure (H.C. 92, 1918) Valuations have been made for other Government Departments of an aggregate Capital value of £64,175,333. Table 79.-Valuations of Property for the purposes of Estate, etc., Table 80.-Valuations of Property transferred by Voluntary Disposition for the Purposes of Stamp Duty on Gifts inter vivos. 85. The provision in the Finance (1909-10) Act, 1910, requiring the delivery of particulars of any transfer on sale of land or on the grant of any lease of land for a term exceeding 14 years, remained in force, notwithstanding the repeal of the Land Values Duties in the Finance Act, 1920. The following Table shows the number of such transactions of which particulars were presented to us during the year 1922-23 and in the ten preceding years. Table 81. Sales and Leases of Land. Number of Transactions of which Particulars were Presented. Year ended 31st March ENGLAND. SCOTLAND. IRELAND. UNITED KINGDOM. LOCAL TAXATION ACCOUNTS. The amounts allocated from Estate, etc., Duties to the Local Taxation Accounts in the years 1912-13 to 1922-23 are shown on pages 112 and 113. These contributions are paid in the first instance into the Exchequer as required by the Finance Act, 1907, and the necessary payments to the Local Taxation Accounts are made out of the Consolidated Fund. The contributions for the year 1922-23 are shown in the following table, together with the fund out of which they arise, and the manner in which the amounts are determined : Table 82. Probate, etc., Duties and Estate Duty allocated to the Local Taxation Accounts. 1922-23. |