GREAT BRITAIN AND IRELAND. 



I. SYSTEMS OF I.AND VALUATION IN THE UNITED KINGDOM. 



by C. Gerald Eve, Ftllow of the Surveyors' Institution {England): 

 A Superintending Valuer, Inland Revenue. 



PART II. 



THE VALUATION OF THE UNITED KINGDOM NOW PROCEEDING 

 UNDER MR. LLOYD GEORGE'S BUDGET OF igio. 



In the preceding part of this article, which appeared in the Bulletin 

 of December, a description was given of the systems of Land Valuation in 

 vogue in the United Kingdom prior to the famous Budget introduced by- 

 Mr. Lloyd George kno\\Ti as the Finance (igog-io) Act 1910. It was 

 explained that such systems are still in force and are in no way impaired 

 by this Finance Act. 



In this second part of the article an attempt is made to explain : 

 (t) the provisions of this Finance Act in so far as it institutes a new 

 system of valuation of the whole of the lands in the United Kingdom known 

 as the " Original Valuation:" 



(2) the purpose of the Valuation to the extent to which it is revealed 

 in the Finance Act, namely the imposition of certain land value duties : 



(3) the further purposes for which the valuation when completed 

 might be used if the Legislature so directed : 



(4) the valuation and taxation of minerals. 



It will be convenient to take these four headings seriatim. 



§ I. The system of the " original valuation " of the united kingdom. 



The System is absolutely uniform throughout England, Scotland, Ire- 

 land & Wales, forming a favourable contrast with the great variations in 

 valuation systems in different portions of the Kingdom as described in 

 Part I of this article. 



