We are met together this afternoon under the shadow of a grave industrial conflict of unknown magnitude. Apart altogether from the merits of the disp… - David Lloyd George

There are many cases where landlords take advantage of the needs of municipalities and even of national needs and of the monopoly which they have got in land in a particular neighbourhood in order to demand extortionate prices. Take the very well-known case of the Duke of Northumberland, when a county council wanted to buy a small plot of land as a site for a school to train the children who in due course would become the men labouring on his property. The rent was quite an insignificant thing; his contribution to the rates I think it was on the basis of 30s. an acre. What did he demand for it for a school? £900 an acre. All we say is this—if it is worth £900, let him pay taxes on £900.

Honestly, I cannot see how you are going to overcome these factors unless there is some determination by the nation as a whole to grip the problem and face it and deal with it as we dealt with the problems of the War, with courage, with initiative and, above all, without fear of departing from the ordinary channels. The thing that saved us in the War was that we were not afraid of doing something that had never been done before, and you will never get away from it... Honestly, if I had been there another three years, I should have learned something new. I am sick of this slavish adhesion to the Coalition policy.

There is another little tax called the increment tax. For the future what will happen? We mean to value all the land in the kingdom. And here you can draw no distinction between agricultural land and other land, for the simple reason that East and West Ham was agricultural land a few years ago. And if land goes up in the future by hundreds and thousands an acre through the efforts of the community, the community will get 20 per cent. of that increment.