§ MR. ASHTON
I beg to ask the Secretary of State for the Home Department whether he will explain the meaning of the phrase, "value of licensed premises calculated as if this Act had not passed" in Clause 2, Sub-section 1, of the Licensing Rill; and will he state by whom and on what basis it is intended that the value of the difference shall be calculated.
§ MR. COCHRANE (for Mr. Akers-Douglas)
It is difficult, if not impossible, to compress into the form of Question and Answer a discussion of the meaning of isolated phrases in a Bill which is before the House and in an early stage. I venture to think that any explanation of the phrase quoted in the first paragraph of the Question that may be necessary may usefully be deferred till the Bill is under discussion in the House. As regards the second paragraph the sum to be calculated is the difference between the two values indicated in the clause, and the Commissioners of Inland Revenue will determine this on the ordinary principles of valuation.